Post by
tooez1 on Jan 08, 2015 9:38am
ADL seemingly has an option on Geo's 5%....
Perhaps explains why it is difficult to buy many at the increasingly higher ASK.... .................................................................................................................... 2015-01-06 17:13 ET - News Release SCOTTSDALE, AZ -- (Marketwired) -- 01/06/15 GeoGlobal Resources, Inc. (OTC PINK: GGLR) is pleased to advise that despite ongoing difficulties, the Company has been making substantial progress as it recovers from its state of near collapse some eight months ago. Over this period the key achievements include: •....... •We have settled issues and debt with the Myra and Sara JV Block partners, where Ratio and Energean have become partners to re-drill and operate the Sara Prospect at a cost of about US$80 million. Currently, GeoGlobal retains a 5% interest.