Golden Gate an underperforming US oiler

摘要

SHARES IN PERTH-BASED Golden Gate Petroleum (GGP) are underpinned by hydrocarbon producing assets and net cash with a value of 19 cents per share,before allowing for any exploration upside,StockAnalysis estimates.Despite an operating cashflow of about 12 million per annum,the company may require additional funding to support ongoing exploration and development efforts.