If interested in O&G it is worthwhile putting some effort in using the Sonris GIS. Not only will you be able to follow GGE but any activity in Louisiana. Market likes the unconventional up north and they have oil and gas but few juniors make money and imo will continue to struggle in the current cycle.
Louisiana is not the flavour of the month but infrastructure is in place, close to market and low cost. Also oil in most case sells at a premium. High price / Low Cost = Profit. Imo it's not about the oil its about profit and cash flow. Market likes drilling but it makes no sense other than driving SP up to sell a stock or raise capital.
Opinion only as always
GLTA
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $9.380M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $300 | 119.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 28928674 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 6066692 | 4 |
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| Last trade - 10.36am 28/11/2024 (20 minute delay) ? |
| GGE (ASX) Chart |
