GNNS some DD..
Correct me if I am wrong! if I have read the information correctley. GNNS already has 3-7 wells producing a small amount and 2-5 capped that have benn drilled. isn't this correct?
A/S is 100 million, 50 million is held by Patch Energy (take a look at their stock price, it went from 22 cents to 4$ a few years ago). They now hold a significant amount of shares in GNNS.
Basically, GNNS is an Oil Sands play with properties that have significant discovery potential. At the current PPS you are looking for at least a DOUBLE because Patch Energy holds around 50 million shares at 4 cents, and those shares are 144 restricted.
But GNNS could be worth well over that given all the future potential. I am also hearing that we should see some PRs in the coming weeks ;) I will try to get in touch with the company for more info. But one thing is sure..I am picking up more shares here 2morow :) hehe cheers!
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