Such a small stock (I think only 100 investors, own 100,000 shares or more.)....so chatline sentiment would have some bearing on the shareprice.
If you were really keen to "talk" up the companies immediate prospects.....I would suggest the Phillippines situation would have even more impact, right now then the Canterbury drill.
The Japanese company, JAPEX who recently completed drilling offshore, next to GGX's oil block.....previously discovered the Sachalin 1, Russia Oil discovery...... $14 billion is being spent, by world petroleum companies to produce 100,000 barrels of oil per day at Sachalin.
JAPEX will announce any day now, if this Phillipines project is a commercial discovery. According to JAPEX, the same geogoly extends from the mainland into the sea straight, they are drilling.
What would be the impact on GGX....should a commercial discovery be confirmed right next door. ?
Go to the map here which shows the JAPEX block....adjoining to the east is southern Cebu Island....100% owned by GGX - plus some offshore, next to JAPEX).
______________________________________________________ Some more about JAPEX and this drill:
Sept 2007
Tanaka said, JAPEX is an oil and gas exploration company that was established in 1955 and has done exploration projects around the world for more than 50 years now.
Recently, the company introduced a very advance technology on drilling-the SAGD technology (Steam Assisted Gravity Drilling) that it has used in its oil explorations in Indonesia and Malaysia since the 1960s.
Tanaka described JAPEX's drilling exploration activity at the Tanon Strait as very advance in technology and environmentally safe allaying apprehensions from some groups that the exploration at the Strait will harm the marine life at the area.
He said that JAPEX will use the Mobile Offshore Drilling Unit (MODU) that will be anchored in a 1.5 km radius within the Pinamungahan and Aloguinsan seas and "we will use the Extended Reach Drilling Technology (ERDT) here, the same technology we applied in Russia-Sachalin-1 project," Tanaka added.
Tanaka added that using the advance ERD Technology, JAPEX discovered 35 oil /gas fields in Japan and 7 fields are still producing oil and natural gas.
(20min delay)
