The Company at this stage does not know what sort of flow rates will be achieved..but management is certain oil will be rovered /flow rated.As per my earlier post, on- shore discoveries have been limited on Cebu but Co. info.reveals that flow rates of between 200-700/bls per day have been achieved with limited recorded historical data with on shore discoveries.
But I might add this was without current technology..
GGX know this geology well and if off shore flow rates in similar off shore geological settings can be matched then.. who knows!!!..particularily with 100% ownership..
GGX Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held