Yes you're right the oil hasn't disappeared over Xmas, it's still there. I know Dennis is beavering away on potential farm out partners & thinks that the major slump in the oil price may actually help GGX. Why? With the oil price at this level there are now thousands of offshore rigs & research plays that are VERY unprofitable & are being shut down as we speak. This may drive interest in GGX's assets as it's a relatively cheap play to a proven oil reserve. ?? Thoughts ??
GGX Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held