GGE 20.0% 0.2¢ grand gulf energy limited

I just noticed a typo in the last post. The gas is Mcf not mmcf....

  1. 1,562 Posts.
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    I just noticed a typo in the last post. The gas is Mcf not mmcf. Numbers are the same but a little careless on the typing sorry.

    At 0.009 our market cap is $6.73m which is pretty low considering:

    December Cash - Around $1.9m
    EV on production - $18.3m (203 boed x $90k)
    Reserves - $6.0 (Est based on 15% WI of 4m bbls in Napville)

    Estimate value - $44m

    Go Figure!
    Opinion only but worth comparing with any one of the peers.
    GLTA
 
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