Share
4,034 Posts.
lightbulb Created with Sketch. 28
clock Created with Sketch.
14/04/15
20:36
Share
Originally posted by Bluey66
↑
Frustrating....hell yes........
They have published their timelines for what they "hope" to achieve in the next 2 years while under the 2 year technical moratorium.
I see a couple of key anns that we are waiting on.......
Cebu - positive signs of getting a farm out partner on board.
France - St.Griede - Seismic survey is planned for June Qtr 2015 to identify the best place to sink a well.
France - Aquitane Basin - Waiting on government grant , decision soon hopefully. (It's now been over 3 years for the Gov to approve this !!). I thought we were slow in the country !
Unfortunately I see this one as totally out of GGX hands, however if it does get approved, France maybe the start of something decent for GGX. Funding for wells over there will also be an issue, but once again, diluting our 100% holding for a farm out partner would help to get things going at least.
I guess from GGX point of view, they really can't say anything until they have something material to say regarding the above three issues IMO......
I'm sure if they put out a cray fish Ann, then the punters wouldn't be happy either....
At least while there is NO news, nothing has gone wrong !
Expand
Bluey the share price has certainly gone the wrong direction. Would love to hear that
they have a farm in partner but the longer it goes the more I worry. Have seen a few other oil stocks start to steady and rise but good old GGX has no interest whatsoever. Frustrating to say the least.