kate1 spud date, page-25

I admire you guys' optimism.

Having just read the quarterly, there isn't really much else coming up for GGX other than Kate.

In the Philippines the Japex well was dry. GGX is apparently having trouble with even assembling a 3D crew.

The French lease hasn't even been awarded yet.

And the Canning Basin permit needs a lot of work (and a farminee) before anything tangible will happen.

Conclusion: If Kate is dry ( and there is a 1/10 chance of that happening) GGX will go back sub 5.