GGE 20.0% 0.2¢ grand gulf energy limited

quarterly expectations, page-42

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    It is possible there were good reason we are not looking at the reports;
    - Dog ate it
    - Power Blackout
    - Printer ran out of ink

    I have missed deadlines in my travels so on reflection I am more annoyed SP didn't go up but should be used to that so will have to wait for another day.

    Anyway, we do know there were no capital raising in the quarter and no dusters, WK is late (from TMK) and Louise permit still in progress so we may have spent less than we expected which has a good side. Cash should be increasing unless the guys have bought a couple of Ferrari's.

    Desiree has produced consistently as per Sonris production
    http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2?p_wsn=245293

    On a positive note we can expect to see qtrly shortly but more importantly have the opportunity to look around and see how the others have performed, compare numbers etc. This is a little review I have been doing, It is not advice nor considers reserves or future plans/results. All it does it takes the actual results delivered as per cashflow statement. My focus is GGE but it is good to look at the sector. Hope it is useful but please check and DYOR and note I have used my own assumptions and have also estimated GGE numbers for reasons above. These assumptions may not be applicable to any one but me.

    These comments do not detract from my comments on the delay but on balance I am more positive on mgt than annoyed and have been that way for a while so not going to choke on the finishing line. Keep your eye on the ball.

    Cheers & Bw

 
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