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Gallic Energy Ltd V.GLC



TSXV:GLC - Post by User

Comment by DitchDigger25on Apr 14, 2012 4:51pm
257 Views
Post# 19794835

RE: Comments Anyone?

RE: Comments Anyone?

Great question asg1.  My reckoning is that it has to do with limited investor exposure and poor understanding of Gallic's development plan for their French assets.  There's many questions to answer.  For example does their Ossun1 sidetrack have the technical defendability to prove up 248 bcf (or even a good portion thereof) of recoverable gas reserves?  Or what other "uphole" potential exists on permit lands that will be tested and evaluated?  Also, how long to start of cashflow from these operations?  It's one thing to talk about extensive nearby infrastructure with spare capacity on some website and another to report to the public that processing/transportation/marketing agreements are in place anticipating production.  One is just talk and the other herald key steps in a development plan establishing new cashflow streams which justify higher shareholder value.  Until Gallic beats their drums louder to convince investors that it's not just fluff on a website the price will remain in the dumps.  On the bright side the French government appears to be reconsidering last year's ban on hydraulic fracturing.  Prior to the ban GLC was trading over 0.40.  Gas importance is definitely rising in France.

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