GGX Management, page-6

A couple of things moving forward........
The submission to deepen M1 has been submitted (As noted in the Qtrly), however the Philippine elections have delayed administration due to a change in the government administrators.
Our drill rig 2 does have the capabilities to do the job and would be used for future drilling to keep costs down.
Funding hasn't been ruled out, neither has a farm out deal which as we know has been very difficult in these times of low POO. The positive, (If there is one!) is our operation is a low cost venture.
France from what I can gather is still a basket case.
The directors are still contributing financially to the admin costs etc of the company to keep the doors open.
There is still the view that we will be drilling oil in the future. I guess when you are so financially tied to a company like the directors are, then they won't let go easily.

I know we have being hearing this for a very long time, but my position is, I've already emotionally come to terms with my current loss, so will hold on for the next financial year before I review my position.

Back to the bottom draw!