Farm out ann probably days not weeks judging by the share price...

Farm out ann probably days not weeks judging by the share price action.

This stock has a couple of legs to go yet.
Even though its run to 4 cents - the market cap is still tiny if they have done a decent deal. Look at the way it ran last year.

8-10 cents on the back of the farm out likely IMO.
$50 mil mkt cap would be reasonable for a company with these sort of prospects and a drilling campaign commencing and existing reserves.

If they hit more oil (highly likely given the work done to date) it will be more like 25-30 cents quickly.

In addition to this - management has an exceptional track record (eastern star gas) and has serious skin in the game (plus 50% of the company)

Enjoy riding the GG pony in 2014 holders - it might end up being the best performing stock on the ASX this year.

:)