The question everyone should ask themselves and research is. Is invsting in GGX a good investment?????
Fact for me is YES. Not many comapnies have their own rigs and are in control of their own drilling. The other fact is that even if Jacob was a dud, there is still 3 more wells to explore. Not many companies have a forward plan to do 3 wells back to back and the workover.
I always anticipated on just success in Malalos-1 SC-44 and with that success hoping for a SP of 40c. Jacob and the other 2 would be the cherry on the cake and massive potential. I am still positive and optimistic as before and will continue to be so until all 4 wells are explored and France is explored. Even if one well is OK, GGX will still be an excellent investment and return on your money.
If all 4 fail, then we still have excellent assets and the potential to make money with the rigs. So unlike other companies, there are many possibilities. This is why I think GGX is still a great investment.
GGX Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held