I calculate a net 1.2million loss per quarter so GBP will be around for at least 16 to 17 more qrters on the current no action rate
BUT their planning to relaunch farm in bids!! ahem planning only haven't got there yet.
Oh yes and the ever ready review of projects that must satisfy GBP's stringent thresholds such that it is possible we never get another project
AND $20m wrt to our peers is really good but if we are to but into a REALLY GOOD asset who thinks $20m in the oil game is a game changer?? - $200m maybe
I await the next qrtly eargerly!!!
GBP Price at posting:
8.7¢ Sentiment: None Disclosure: Held
