Leba, all the companies are producers of O&G but they they are...

Leba, all the companies are producers of O&G but they they are in different stages in their growth cycle and also prospect location. Understanding the different stages is what is important and most of all to me is if they actual make money. The numbers provide a guide and focus, you can pick any qtrly and compare line for line for yourselves and I would encourage you not to just accept my findings. It is mainly for discussion but the results highlight that the often negative views here can only point to SP and are often innuendo and superficial. Mkt dictates the SP but management deliver the financials, we have cash and profit and ultimately that is the goal of any oiler unless the aim is to develop and sell the business.

Companies that do not generate sufficient cash to fund corporate costs will eventually run out of money and therefore drilling success is essential. Also higher WI positions mean they incur higher compliance costs as they must bear more of the upfront costs of permitting, research etc. There is nothing wrong with this imo and as volume increases if successful then fixed costs are recovered quickly. The numbers only provide a guide to focus on the things that matter which is ultimately where is the value and how eventually that will be returned to shareholders.

Hap, I agree that SP on face value has underperformed for us here but surprisingly over the past 3 years ours has outperformed most. There has been no interest or volatility but also no capital raisings or debt. In most other companies SH's have had to pay the company but we have not which puts GGE in a select few. Also our SP was .008 3 weeks ago and hit .015 last week. A year ago it hit 0.005 and got to .017. There has been opportunity to reduce/increase holdings so if we are not in front today that has been by personal choice.

GGE has been in rebuilding phase since moving to NV then having the D&L1 blowout, Sinkhole didn't help so the SP performance and lack of interest is easily understood. Understanding the time it has taken to get to where we are today enables us to form a view on any others and look for opportunity and better understand the risk. A chart imo has little value in providing how good a company is but only how good parts of the mkt thinks it is. We can see that the mkt often gets it wrong through Suspensions and massive writeoffs in what were the most popular stocks pre 2014 FY.

Finally we all look at things differently, There are hundreds of stocks and many good oilers that are undervalued, choosing which stocks to hold or follow is a personal choice but holding a stock we don't believe in makes no sense to me and holding to get money back is dead money imo and we would be better being positive and finding stocks we are positive about.
Personally I don't really care as long as I understand what I am risking. In 25 years I have never bothered to research my super which is a lot more money and in 3 years a new car would be worth a fraction of what it cost. We look after our cars so we should also regularly review our speckie investments If we don't that is not mgt's fault.

Enough rambling,
Cheers.

Imo GGE business wise we are in a good position here, the assets have good potential, we are making a profit and there are currently exciting things happening in Louisiana which have been totally overlooked. There has not been a week go by in 3 years that with research of the region we operate that a very clear idea of the full potential here is.