With respect Goodoil the last 2 times GGX has raised capital...

With respect Goodoil the last 2 times GGX has raised capital over the last 14 months it has been for $1mil each time. Hardly the same as $11m, which is almost twice the value of GGX in it's entirety going by market cap.

DM may be well connected but the last rights issue was heavily undersubscribed and I suspect (but clearly cannot prove) that since there has been no results since then the next issue possibly could have been a very difficult task.

I do not believe they will be able to raise enough capital over the next 12 months to keep going unless they strike oil very very soon (which requires...cash).

Just my opinion. If OIP had offered more reasonable terms (like 1 for 4-5) I would be more likely to support the proposal, but, as it stands, it seems like I'm losing out holding OIP and not GGX.

JT