this week, this month.., page-10

I have found a bit of information over the last few weeks as well.


When GGX announced the confirmed oil discovery, the DOE director wasn't thrilled as they like to do the announcement and at that point it had not been fully completed. There was a delay with the DOE central office to approve the GGX work program for testing commercial viability which has been early this week. Gas2Grid also had to pay a visit to the governor or leader of area ( I think it was the governor or the director of DOE) to have a meet and greet and keep everyone happy and discuss future plans and impact. An environmental impact study is also being completed. The DOE has also had to deal with environmentalists wanting to stop any future drilling and exploration.


So far, I think that puts them about a month behind. GGX could not really finalise any farm outs with out full approval from the DOE, so we just wait now and see if they do chase farm out or cap raise to maintain control.

Either way it should be exciting times ahead for Gas2Grid. The Government is fully behind them and currently the Philippines use above 300,000 barrels of oil a day so if we can get a part of that with good flow rates and further wells, it would not be a bad thing.