A question without notice to our long term holders.......... Who would participate in funding if we were to go for it and deepen the hole at M1 and drill a new one at M5?
"The Company, subject to availability of funding, would like to drill a new well to test the known oil bearing reservoirs in a crestal location on the anticline. Due to structural uplift all known sandstone reservoirs would be intercepted at a significantly shallower depth on the crest of the anticline, relative to Malolos-1."
Considering at $0.003, $250K would mean another 83m shares, or $500K @ 166m shares........
To be honest, they know the oil is there, its just unfortunate the price per barrel is so damn low.......
Just asking out of curiosity
GGX Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held