There's not much that can be done or that they can tell us....

There's not much that can be done or that they can tell us. Waiting on the Philippine gov to decide whether to extend our permit or not. They'd be stupid to spend anything on that until they have some security that they will be able to develop the site.

And waiting on the French tribunal to decide on applying penalties or not. From the sound of it, the French aren't keen on any new wells being dug in their countryside, so even if the penalties are upheld GGX still doesn't have a clear path to further exploration and production.

GGX can't do much of anything to hurry either along and will likely need the cash from any penalties to fund any future work in the Philippines, if title can even be secured . It's a tough spot that they've found themselves in.