yes I though this from GOP " Formal award of the France exploration project to Gippsland Offshore and our partner Gas2Grid Limited (GGX) of Sydney in early October 2007" and
"Of course we are also pleased that our long application process for our French acreage is over and we have been awarded the St Griede permit in the Aquitaine Basin. Together with Gas2Grid, we will commence our 5 year exploration program in the new year. Although the 1,300km2 project is smaller than our other areas, it is an important part of our portfolio. It will allow us to use FALCON®play where geological and market risk is very low. By mapping exploration tool such as FALCON®, we will develop a model for exploring this type of setting world-wide."
is somewhat clearer and more positive than GGX version "The period of contestability for the Company’s application for an exploration licence on the eastern margins of the Aquitaine Basin ended on August 15th with no new competing applications lodged. The Company together with 50% joint venture partner Gippsland Offshore Petroleum Limited was subsequently invited to confirm its agreement to a proposed division of the original application area to partially accommodate pre-existing overlapping applications. The Company has so advised in respect of an area of 1238 square kilometres (approximately 57% of the original application area), and is now awaiting further notice from the Minister with designated authority."
GGX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held