GGE 25.0% 0.3¢ grand gulf energy limited

Ann: Yellowfin Project, page-4

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  1. 1,723 Posts.
    Rob

    yes and no.

    I sold out a few months ago, but still interested.


    Even at, say, 90% probability of success and 100% ownership - a guess, I don't see much upside value in this.

    It is deep, ie costly to drill, (cash run down?), and not such a large amount of gas, but happy to be corrected.

    I do think it is a pity that they have only just started to get into this type of study; it seems about 5 years late to me ( I have waited a long time for this sort of initiative).
 
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