I feel that the previous experience of GGX management in assessing other known producing wells on shore will perhaps win the day with Malalos.The reason they are confident is that some known oil wells have produced between 200-700 bls/day..but existing operators lack expertise in getting commercial flows.If successful here other operators on the island may seek out their expertise, on an equity basis,to help in production...
GGX Price at posting:
5.5¢ Sentiment: Hold Disclosure: Held