And that should mean that GGE could pick up some distressed assets at very good prices. The bell curve must be changing and it would be a good sign to see that GGE takes that sort of decision making onto its table. Pursing small W/I now with further development of the Dome is too risky IMHO unless they can squeeze a better W/I for lower costs. Hensarling was thought to be a no-brainer but still fell over. I would be investigating better jet-pumping/extraction in preference to further drilling and letting other leases know the door is open for better leases.
T1
GGE Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held