Big, That's the best GGE Quarterly I've seen. Very clean and...

Big, That's the best GGE Quarterly I've seen. Very clean and great to see some of the issues resolved. The Mgt team are delivering and a highlight is for me is the low Admin Fees ($147k per qtr) there are few of our peers at this level.

Re: the bigger number, the best I have come across is either in the 2008 April Presentation or a 2010 ann below: http://www.openbriefing.com/AsxDownload.aspx?pdfUrl=Report%2FComNews%2F20101006%2F01105355.pdf
 
"The Napoleonville Salt Dome has the potential to contain 520 billion cubic feet (BCF) of gas and 4.5 million barrels of oil (MMBO) from over 60 prospects and leads which have been identified so far from Grand Gulf’s proprietary 50 square mile 3D seismic survey. The agreement with Grand Gulf includes access to the entire Napoleonville potential."

At 15%WI and $10/bbl I calc that to be around $32m which is currently $10m in our balance sheet. Add it to production value and cash and my guess is $53m or .071cps. I'm sort of young and in no hurry, its a exciting journey!!

Motors, I love to see your chart and get a better grip of technicals if you can?

That'll do for now, take care all
All opinion only based on my homework and interpretation which could be wrong so please check and advise if wrong.
Bw