Hey Wasa, yes it all hinges on a partner and there are 2 trains...

Hey Wasa, yes it all hinges on a partner and there are 2 trains of thought given the current economic state of oil globally....
A/ Companies don't want to chase any further oil opportunities until there are signs of recovery - too risky.
B/ Companies want to look for economic oil fields that offer less cost than their current operations (Off shore etc) to be able to stay in the game and make a profit.
I think there is merit in both and I'm sure GGX are finding it tough. Also must consider theres only 200bopd currently, however there is a prospect for a lot more across the whole Malalos field with the right technology. How much is that technology to get it out of the ground is the $1M question.......

At least this won't be the Costa Concordia, the directors will be going down with this ship, a lot more than I'm in for !!.....

I'm certainly not writing them off yet and have confidence Dennis will be doing all he can.
I truly hope one day we can all get together for a GGX success celebration !

Until news, it's just a sit and wait game unfortunately...........

Sincerely...good luck all....