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Grand Gulf Energy

ASX:GGE
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GGE
ASX
A$3M
Market Cap
  1. Home
  2. AU
  3. Energy
Company description

Grand Gulf Energy Limited explores, evaluates, and produces oil and gas leases the United States. The last earnings update was 42 days ago. More info.


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GGE Share Price and Events
7 Day Returns
0%
ASX:GGE
3.4%
AU Oil and Gas
0.5%
AU Market
1 Year Returns
0%
ASX:GGE
5.7%
AU Oil and Gas
4.9%
AU Market
GGE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Grand Gulf Energy (GGE) 0% -20% 0% 0% -20% -63.6%
AU Oil and Gas 3.4% 0.7% 9.8% 5.7% 34.8% -30.3%
AU Market 0.5% 1.9% 8% 4.9% 19.5% 6.3%
1 Year Return vs Industry and Market
  • GGE underperformed the Oil and Gas industry which returned 5.7% over the past year.
  • GGE underperformed the Market in Australia which returned 4.9% over the past year.
Price Volatility
GGE
Industry
5yr Volatility vs Market

GGE Value

 Is Grand Gulf Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Grand Gulf Energy. This is due to cash flow or dividend data being unavailable. The share price is A$0.004.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Grand Gulf Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Grand Gulf Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:GGE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.00
ASX:GGE Share Price ** ASX (2019-04-18) in AUD A$0
Australia Oil and Gas Industry PE Ratio Median Figure of 23 Publicly-Listed Oil and Gas Companies 8.09x
Australia Market PE Ratio Median Figure of 544 Publicly-Listed Companies 16.19x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Grand Gulf Energy.

ASX:GGE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:GGE Share Price ÷ EPS (both in AUD)

= 0 ÷ 0.00

-24.39x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Grand Gulf Energy is loss making, we can't compare its value to the AU Oil and Gas industry average.
  • Grand Gulf Energy is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Grand Gulf Energy's expected growth come at a high price?
Raw Data
ASX:GGE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -24.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Oil and Gas Industry PEG Ratio Median Figure of 17 Publicly-Listed Oil and Gas Companies 0.24x
Australia Market PEG Ratio Median Figure of 359 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Grand Gulf Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Grand Gulf Energy's assets?
Raw Data
ASX:GGE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.01
ASX:GGE Share Price * ASX (2019-04-18) in AUD A$0
Australia Oil and Gas Industry PB Ratio Median Figure of 145 Publicly-Listed Oil and Gas Companies 1.3x
Australia Market PB Ratio Median Figure of 1,676 Publicly-Listed Companies 1.68x
ASX:GGE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:GGE Share Price ÷ Book Value per Share (both in AUD)

= 0 ÷ 0.01

0.76x

* Primary Listing of Grand Gulf Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Grand Gulf Energy is good value based on assets compared to the AU Oil and Gas industry average.
X
Value checks
We assess Grand Gulf Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Grand Gulf Energy has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

GGE Future Performance

 How is Grand Gulf Energy expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Grand Gulf Energy has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.2%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Grand Gulf Energy expected to grow at an attractive rate?
  • Unable to compare Grand Gulf Energy's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Grand Gulf Energy's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Grand Gulf Energy's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:GGE Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 4.2%
Australia Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.7%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:GGE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:GGE Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 3 0 0
2018-09-30 3 0 0
2018-06-30 3 0 -1
2018-03-31 3 0 -1
2017-12-31 3 0 -1
2017-09-30 3 -1 -2
2017-06-30 3 -1 -2
2017-03-31 3 -1 -2
2016-12-31 3 -1 -3
2016-09-30 3 1 -2
2016-06-30 4 2 -1
2016-03-31 5 1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Grand Gulf Energy is high growth as no earnings estimate data is available.
  • Unable to determine if Grand Gulf Energy is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:GGE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Grand Gulf Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:GGE Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.00
2016-06-30 0.00
2016-03-31 0.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Grand Gulf Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Grand Gulf Energy's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Grand Gulf Energy's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Grand Gulf Energy's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Grand Gulf Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Grand Gulf Energy has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

GGE Past Performance

  How has Grand Gulf Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Grand Gulf Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Grand Gulf Energy does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Grand Gulf Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Grand Gulf Energy's 1-year growth to the AU Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Grand Gulf Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Grand Gulf Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:GGE Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 3.03 -0.13 2.18
2018-09-30 3.22 -0.34 2.09
2018-06-30 3.41 -0.54 2.00
2018-03-31 3.36 -0.82 2.08
2017-12-31 3.31 -1.09 2.16
2017-09-30 3.21 -1.66 2.44
2017-06-30 3.10 -2.22 2.73
2017-03-31 3.00 -2.37 2.59
2016-12-31 2.89 -2.52 2.45
2016-09-30 3.41 -1.54 2.25
2016-06-30 3.93 -0.56 2.06
2016-03-31 4.67 -1.17 3.43
2015-12-31 5.41 -1.78 4.80
2015-09-30 6.05 -1.96 4.27
2015-06-30 6.68 -2.15 3.74
2015-03-31 7.10 -0.18 0.87
2014-12-31 7.44 0.18 1.00
2014-09-30 7.47 0.79 1.02
2014-06-30 7.51 1.40 1.04
2014-03-31 6.43 0.63 1.00
2013-12-31 5.35 -0.14 0.95
2013-09-30 4.42 -1.15 1.01
2013-06-30 3.49 -2.17 1.08
2013-03-31 4.10 -2.29 1.14
2012-12-31 4.72 -2.41 1.21
2012-09-30 4.22 0.25 1.17
2012-06-30 3.72 2.92 1.13

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Grand Gulf Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Grand Gulf Energy has efficiently used its assets last year compared to the AU Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Grand Gulf Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Grand Gulf Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Grand Gulf Energy has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

GGE Health

 How is Grand Gulf Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Grand Gulf Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Grand Gulf Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Grand Gulf Energy's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Grand Gulf Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Grand Gulf Energy has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Grand Gulf Energy Company Filings, last reported 3 months ago.

ASX:GGE Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4.03 0.00 1.49
2018-09-30 4.03 0.00 1.49
2018-06-30 4.15 0.00 1.69
2018-03-31 4.15 0.00 1.69
2017-12-31 3.77 0.00 1.62
2017-09-30 3.77 0.00 1.62
2017-06-30 4.53 0.00 1.86
2017-03-31 4.53 0.00 1.86
2016-12-31 5.04 0.18 2.01
2016-09-30 5.04 0.18 2.01
2016-06-30 6.53 0.00 3.11
2016-03-31 6.53 0.00 3.11
2015-12-31 22.80 0.00 2.47
2015-09-30 22.80 0.00 2.47
2015-06-30 6.72 0.00 0.97
2015-03-31 20.94 0.00 0.97
2014-12-31 19.81 0.00 2.19
2014-09-30 19.81 0.00 2.19
2014-06-30 17.49 0.00 1.84
2014-03-31 17.49 0.00 1.84
2013-12-31 18.15 0.00 1.26
2013-09-30 18.15 0.00 1.26
2013-06-30 16.60 0.00 1.01
2013-03-31 16.60 0.00 1.01
2012-12-31 15.71 0.00 1.27
2012-09-30 15.71 0.00 1.27
2012-06-30 17.02 0.00 3.82
  • Grand Gulf Energy has no debt.
  • Grand Gulf Energy had no debt 5 years ago.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Grand Gulf Energy has sufficient cash runway for more than 3 years based on current free cash flow.
  • Grand Gulf Energy has sufficient cash runway for 2.6 years if free cash flow continues to grow at historical rates of 80.2% each year.
X
Financial health checks
We assess Grand Gulf Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Grand Gulf Energy has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

GGE Dividends

 What is Grand Gulf Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Grand Gulf Energy dividends.
If you bought A$2,000 of Grand Gulf Energy shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Grand Gulf Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Grand Gulf Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:GGE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 4.5%
Australia Market Average Dividend Yield Market Cap Weighted Average of 417 Stocks 4.3%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Grand Gulf Energy has not reported any payouts.
  • Unable to verify if Grand Gulf Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Grand Gulf Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Grand Gulf Energy has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Grand Gulf Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Grand Gulf Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Grand Gulf Energy has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GGE Management

 What is the CEO of Grand Gulf Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mark Freeman
COMPENSATION A$200,000
AGE 43
TENURE AS CEO 8.5 years
CEO Bio

Mr. Mark Freeman, BCom, CA, F Fin, Grad Dip App Finance has been the Managing Director and Company Secretary at Grand Gulf Energy Limited since October 27, 2010 and since April 22, 2010, respectively. Mr. Freeman has been Executive Director of Frontier Diamonds Limited since October 12, 2018. Mr. Freeman has more than 15 year's experience in corporate finance and the resources industry. He has experience in strategic planning, business development, acquisitions and mergers, project development and general management. His corporate experience includes companies such as Mirabela Nickel Ltd., Albidon Ltd and Sally Malay Mining Ltd. He also has experience with Quest Petroleum NL and Panoramic Resources Ltd. Mr. Freeman served as Company Secretary of Millennium Minerals Limited. from October 5, 2007 to February 11, 2009. He served as the Chief Financial Officer and Financial Controller of Exco Resources Limited and also served as its Secretary from February 24, 2005 to September 2008. He served as Company Secretary of Liberty Resources Limited (formerly, Liberty Gold NL) from June 21, 2005 to June 25, 2007 and also served its Chief Financial Officer. Mr. Freeman served as Secretary of New Energy Minerals Ltd(formerly known as Mustang Resources Limited) from 2001 to April 2008 and also served as its Finance Director. He worked for Andersen and ERG. He served as Non Executive Chairman of Success Resources Global Ltd (formerly, Capital Intelligence Ltd.) from September 29, 2005 to March 27, 2007. He has been an Executive Director of Grand Gulf Energy Limited since October 27, 2010. He served as a Non-Executive Director of Tamaska Oil and Gas Limited from March 24, 2014 to February 1, 2015. He served as a Director of Digital CC Limited from October 2010 to June 2014. He served as an Executive Director of Quest Petroleum NL from April 7, 2008 to December 3, 2010. He has been Non-Executive Director of Mustang Resources Limited since June 10, 2015. He serves as Director of Meccano Pty Ltd. He has been Director of OGI Group Limited since July 30, 2014. Mr. Freeman served as an Non Executive Director of OGI Group Limited from October 7, 2005 to March 2009. He served as a Non Executive Director of Macro Energy Ltd. (formerly, Verus Investments Ltd.) since October 21, 2010. He served as a Non Executive Director of Quest Petroleum NL from December 3, 2010 to November 24, 2011. He served as a Director of Ming Resources Plc since February 24, 2005. He served as a Non Executive Director of Liberty Resources Limited from June 21, 2005 to June 25, 2007. He served as a Director of Matra Petroleum Plc until April 11, 2006. He is a Member of the Institute of Chartered Accountants and an Associate of the Securities Institute of Australia. He is a Chartered Accountant from the Institute of Chartered Accountants Australia and a Fellow of the Financial Services Institute of Australasia. Mr. Freeman is a graduate of the University of Western Australia with a Bachelor of Commerce with a double major in Banking & Finance and Accounting as well as holds a Graduate Diploma in Applied Finance with a major in Investment Analysis from the Securities Institute of Australasia.

CEO Compensation
  • Mark's compensation has been consistent with company performance over the past year.
  • Mark's remuneration is lower than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Grand Gulf Energy management team in years:

0.1
Average Tenure
  • The average tenure for the Grand Gulf Energy management team is less than 2 years, this suggests a new team.
Management Team

Mark Freeman

TITLE
MD, Company Secretary & Executive Director
COMPENSATION
A$200K
AGE
43
TENURE
8.5 yrs

Craig Burton

TITLE
Executive Chairman
AGE
53
TENURE
0.1 yrs

Chris Bath

TITLE
Non-Executive Director
TENURE
0.1 yrs

Skip Bacon

TITLE
Land Manager
COMPENSATION
A$120K
Board of Directors Tenure

Average tenure of the Grand Gulf Energy board of directors in years:

0.1
Average Tenure
  • The average tenure for the Grand Gulf Energy board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mark Freeman

TITLE
MD, Company Secretary & Executive Director
COMPENSATION
A$200K
AGE
43
TENURE
8.5 yrs

Craig Burton

TITLE
Executive Chairman
AGE
53
TENURE
0.1 yrs

Chris Bath

TITLE
Non-Executive Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess Grand Gulf Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Grand Gulf Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

GGE News

Simply Wall St News

Some Grand Gulf Energy (ASX:GGE) Shareholders Have Copped A Big 55% Share Price Drop

For example the Grand Gulf Energy Limited (ASX:GGE) share price dropped 55% over five years. … View our latest analysis for Grand Gulf Energy. … It seems likely some shareholders believe that Grand Gulf Energy will discover or develop fossil fuel before too long.

Simply Wall St -

Grand Gulf Energy Limited (ASX:GGE): Time For A Financial Health Check

Grand Gulf Energy Limited (ASX:GGE), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … Is financial flexibility worth the lower cost of capital … Debt funding can be cheaper than issuing new equity due to lower interest cost on debt.

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Can We See Significant Insider Ownership On The Grand Gulf Energy Limited (ASX:GGE) Share Register?

If you want to know who really controls Grand Gulf Energy Limited (ASX:GGE), then you'll have to look at the makeup of its share registry. … Grand Gulf Energy is not a large company by global standards. … See our latest analysis for Grand Gulf Energy

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Our Take On Grand Gulf Energy Limited's (ASX:GGE) CEO Salary

Mark Freeman became the CEO of Grand Gulf Energy Limited (ASX:GGE) in 2010. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … According to our data, Grand Gulf Energy Limited has a market capitalization of AU$3.1m, and pays its CEO total annual compensation worth AU$200k.

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Who Owns Most Of Grand Gulf Energy Limited (ASX:GGE)?

In this article, I will take a quick look at Grand Gulf Energy Limited’s (ASX:GGE) recent ownership structure – an unconventional investing subject, but an important one. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … ASX:GGE Ownership Summary August 8th 18

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Grand Gulf Energy Limited (ASX:GGE): What Does It Mean For Your Portfolio?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … Check out our latest analysis for Grand Gulf Energy An interpretation of GGE's beta With a beta of 3.89, Grand Gulf Energy is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn. … GGE, with its market capitalisation of AU$3.07M, is a small-cap stock, which generally have higher beta than similar companies of larger size.

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Who Are The Major Shareholders In Grand Gulf Energy Limited (ASX:GGE)?

This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: A relatively significant holding of company insiders could mean high alignment with shareholders.

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Is Grand Gulf Energy Limited's (ASX:GGE) CEO Paid Enough Relative To Peers?

See our latest analysis for Grand Gulf Energy What has GGE's performance been like? … Even though one size does not fit all, since remuneration should account for specific factors of the company and market, we can gauge a high-level benchmark to see if GGE deviates substantially from its peers. … Usually I would use earnings and market cap to account for variations in performance, however, GGE's negative earnings reduces the effectiveness of this method.

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Should You Be Content With Grand Gulf Energy Limited's (ASX:GGE) Earnings Growth?

View our latest analysis for Grand Gulf Energy Did GGE beat its long-term earnings growth trend and its industry? … For Grand Gulf Energy, its latest earnings (trailing twelve month) is -AU$1.09M, which compared to last year’s figure, has become less negative. … ASX:GGE Income Statement Mar 26th 18 We can further examine Grand Gulf Energy's loss by looking at what the industry has been experiencing over the past few years.

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How Does Grand Gulf Energy Limited (ASX:GGE)’s Prospect Stack Up Next To Its Oil & Gas Peers?

Grand Gulf Energy Limited (ASX:GGE), a AU$3.07M small-cap, is an oil and gas company operating in an industry which has seen a prolonged oil price downturn since 2014. … Today, I will analyse the industry outlook, and also determine whether Grand Gulf Energy is a laggard or leader relative to its energy sector peers. … Check out our latest analysis for Grand Gulf Energy What’s the catalyst for Grand Gulf Energy's sector growth?

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GGE Company Info

Description

Grand Gulf Energy Limited explores, evaluates, and produces oil and gas leases the United States. It owns a 39.65% working interest in the Desiree field on the Napoleonville Salt Dome; 55.5% working interest in the Dugas and Leblanc #3 well; and 11.93% working interest in the West Klondike well. The company was formerly known as Alto Energy International Limited and changed its name to Grand Gulf Energy Limited in June 2007. Grand Gulf Energy Limited is based in West Perth, Australia.

Details
Name: Grand Gulf Energy Limited
GGE
Exchange: ASX
Founded:
A$3,069,995
767,498,870
Website: http://www.grandgulfenergy.com
Address: Grand Gulf Energy Limited
1202 Hay Street,
West Perth,
Western Australia, 6005,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX GGE Ordinary Shares Australian Securities Exchange AU AUD 03. Feb 2006
CHIA GGE Ordinary Shares Chi-X Australia AU AUD 03. Feb 2006
Number of employees
Current staff
Staff numbers
6
Grand Gulf Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 10:32
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/03/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.