Any estimates on best/worst case scenarios for the oil component of Malolos?
The mid to upper range of Junior's 200-700 bopd would send a massive sense of relief through the GGX camp.
I think around 100-200 would be deemed commercial and production would go ahead. After the wildcats, we'd grab that with both hands.
Best case, we walk away with enough gas to build the 11MW Gas fired Power station, and a couple of hundred Barrels of oil to help keep us afloat in the mean time and provide cash on hand.
If we attained that, we'd be set. Then we'd all have an assured mindset as the anticipation builds for the French Grounds.
Ka-ching!! Time to deliver guys!
GGX Price at posting:
4.9¢ Sentiment: None Disclosure: Held