Facts. !!!13 Oct 2017 15:06
Look at L.S.E. fundamentals Jamie. (current libilities ) The dept total is $41.27 million , & that was year end 2014.
Whats changed over neally 3 years ago , apart from more borrowings . Likewise L.S.E. is unreliably still listing brokers forcast ( Peel Hunt ) for G.D.G a buy at �9.50 . When in fact Peel Hunts latest forcast is a hold at � 1.50 .
All very misleading if your not careful .
Furthermore Jamie , talking of future drilling contracts for G.D.L. , most of the Chinese majors have got hundreds of drlling rigs themselves , which do the job . Hence all the wells they have , & allmost cerntainly have adapted & designed there own version of Lifabric from the C.N.P.C. Lifabric well drilled for them back in 2013..
Another concern is the fact that mothership G.D.G dept of $88 million hopefully being financed & cleared before 20th Nov. 2017 , has also got to include l would imagine at least another $80 million odd to finance all G.D.G.proposed well drilling plans , unless they suspend drilling after just a few wells , there good at that aren,t they !!!.
Tread carefully people !!!