Would love to be working at the landfill site during the period of the drill.....near impossible to work out much even with 10 x 50's.....but what to look for is additional service vehicle arriving on site ....(should hydrocarbons be discovered). Increased activity is the dead giveaway that they have hit paydirt with these drills.
Maybe a forced selling situation with the overall poor market.
Why having waited so long.......share price is not far off its all time lows....would seem likely for the sake of waiting a couple more weeks, that a higher sale price could be achieved.
Just on the Phillipines.....company is still following with alot of interest....re Japex future intentions.
Stakes are extremely high for GGX...their Cebu block extends into the Tanon Straight, to a point just west of the Japex drill. The Japex seismic mapping is availalbe.....the same anomalies extends into the GGX offshore block. Work out for yourself what this would mean for the $7 million company. GGX Cebu block is 100% owned.
Japex and their 35%JV partner......Kuwait Foreign Petroleum Exploration Co (KUFPEC)-are about the same size os Santos.
HGGX have the
GGX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held