Interesting announcement guys, quick read says it increases GGP cashflow by more than 25%.
"The purchase represents a 27% increase in the Companys operating cash flow from existing production in the Jumonville #1 and #2 wells and in addition the upside associated with further development of the Miogyp interval and testing of the large Camerina section across the prospect as well as other intervals presently under review."
Is the dilution worth it, seems good to me.
GGP Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held