malolos pay dirt!, page-14

flow rates flow rates flow rates. we could have 100 million down there, wouldn't matter if it ain't going to flow.

AND, more importantly, you have in no way factored in farm out losses. Who knows what this will end up being. Will we be left with 10, 20, 30 or 50% of profit? who knows. Sure it will hurt us, .....on face value. But without a farm out, GGX ceases to exist, simple as that. We don't have the cash to prove it up ourselves. What are they supposed to do?

Admin aside...Next step is an extended test of M1. we will know more after that. I think best case is 200 barrels a day using artificial lift, based on the 30 barrels over 2 hours that was released from the company earlier. factoring in decline and inflow results, not oil to surface.

We prove up 200+ a day from one well and we will get investment. We get investment and we prove up the size of the total field, while doing this, we test the other wells,im not clear on these other wells the last announcement referred to, and we move our P numbers into C numbers. We get a rise in MC.

Then it's just a matter of poking holes like pins in a cushion. We get another rise in MC.


...Then, we are funded to hit paydirt in France. (100% ownership) We get yet another rise in MC.


my opinion, dyor etc etc