glm on the slide , page-7

I would assume that Gulf are endeavouring to release the details of the acquistion as soon as practicable as outlined within the announcement and it can be appreciated that signing off on this venture is the last requirement so even it takes a few more days it will be done right . Gulf are still currently trading at 1/4 of their issue price which was 20c I believe . It has been a long and tedious wait under the direction of Graham Raveleigh who virtually obliterated the companies finances and managed to run down in excess of 7 - 9M in capital I am led to believe with no apparent resources or even a small scale project that had the capacity to generate a small cashflow and with Peter R.e.m.p filling his shoes he seems to have done quite well in respect to stabilising cashflows and reducing overheads and now what seems to be bringing a good project into Gulf which should further enhance the companies prospects . perhaps after the acquisition of this project Gulf might be re rated . lets hope