Ann: Philippine Drilling - Jacob-1 Update , page-25

Couldn't agree with you more Fazza, the people with the short trigger fingers got rather over excited with an announcement "of progress" earlier this week when they thought it "might" be about pay dirt! It was never meant to be!

GGX have never said in any announcement or presentation that "we're gonna hit gushing oil @ 340m!" What was always said was (in round about words) "the limestone holding area starts @ 340m" & guess what? They found shows of oil at 340m ("fluorescence & cut" - look it up if you don't know what it means in "geological & drilling" terms).

It's actually a good sign! They were right on the money about the depth of the possible limestone lump that "may" hold oil & gas lower down.

We just need to find some more porous stuff that does (1,000-1,300m - yeah it'll take a while guys!) So lets drill on & keep the faith (Dennis has been right before!) It's been a VERY good opportunity to pick up some cheap equity over the past few days (& still tomorrow) so don't get distracted by the few who want to take a 1 or 2 cent profit when there are VERY MUCH larger fish to fry in the future!

I hear the drills are going flat out!

PS On both sites! Don't forget about Malolos as well guys!