To all the above, Rony , Bluey & Durslowe and others it is not good.
A good friend, who was my chainman setting out roads mid 70's got into gas and was a platform supervisor in Bass Straight. Since that time, google Process Group to see what he does, he is not one of the 120 workers there.
I told him recently about GGX and the problems with the sand blocking perforations, unlike the 2 yr story to find a solution, he said that wouldn't be the case and there was half a dozen solutions to that problem and he reeled of about three that sounded feasible. He said the simply the problem would be lack of money.
For me as an engineer, my doubts started when they wanted to sell the drilling rigs, Should have sold then.
GGX Price at posting:
0.7¢ Sentiment: Sell Disclosure: Held