Let's face it, the one thing holding us back is money, or lack there of. If we had cash on hand, we would buy a pump, a tank, and we'd be selling oil at around 2-300 barrels a day.
Do you think management are the type that would get their hands on the cash to execute that concept, and then cock it up? No, you still have that level of faith in management that their honest, experienced and capable.
The problem isn't management, it's the results to date combined with the current economic climate. If it was a finance free for all, in another time, then we'd probably be cashed up to the eyeballs and pumping oil as we speak. The fact is, cash is hard to come by, and the reality of the situation is that finally, we do have OIL, but it's going to take some cash to get it up.
Btw, i don't know why as a GGX holder anyone would be discounting France, that's a very real proposition for us, I imagine you'll change your tune when Drill targets and estimates are announced.
GGX Price at posting:
2.8¢ Sentiment: None Disclosure: Held