Company doesn't have the capital to drill USD$4.5m wells so its either JV's with farm down (interesting to see what deal can be done here though its an area that has a lot of interest) or dilution. I prefer the former, slow and steady. I was buying at 0.003 now its at 0.006. Slow and steady she goes. Still only $4.8m Market Cap with cash in bank, cashflow positive and great prospects. We will see 1cent + this year, imo.
Ann: Grand Gulf Energy acquires 1,075 Gross Acres in Eagle Ford, page-4
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
