Ann: Malolos-1 Oil Analysis , page-12

Emusan, while I empathise with your frustrations, I don't agree with everything you have said. You ask what positives have come out of their mouths... Well there has been a few,Buying their own rigs, oil confirmation at M1, possible larger fields close by, France moving ahead... along with some disappointments. (No commercial gas in M1, J1 & I1 coming up with no oil).
You say the drilling has produced nothing. Well 12mmbls is not "nothing"... it is significant for a junior and their last ANN advised that it will take some time now to source a buyer, get storage on site, then work through logistics for transport. If you read every announcement, they have always said that oil sales and production was achievable within 6-9 months of discovery, so that takes us to Xmas this year.
Yes I agree more news on the CR would be nice, but not concerned at the moment.,
I also wouldn't say they have wasted money. I have a couple of other junior O&G interests,and there is a lot more "noise" with those about under handed tactics, so I'm more than happy with GGX and the Managements integrity. Having management owning so many shares in the Co is also a good sign.
All these juniors are very high risk, however I'm still confident in having my money tied up with GGX. Even though its been nearly 4 years for me, I was always in it for the long haul....
Patience will pay off for all of us, hang in there mate.....