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1,274 Posts.
114
28/03/08
17:26
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Not a company to overly hype up their announcements.....although with the announcement this afternoon, they could afford to:
Turns out that a good portion of the north-west sector of this EP 453 adjoins the onshore Lennard Shelf oilfields (term used by West Australian DOIR)
See copy of map from Dept of Industry and Resources.....
http://www.doir.wa.gov.au/documents/mineralsandpetroleum/Onshore_Basins_0702.pdf
GGX's new block adjoins producing oil and gas fields at Blina, Boundary, Lloyd, Sundown and West Terrace.
Dennis has been working with the company....re the cores from Cebu Island. (most interesting that he comes on board now).
This Lennard Shelf block (and Dennis)would probably have to put $15 m in market cap onto the company.
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