GGE 0.00% 0.6¢ grand gulf energy limited

Ann: December Quarterly Activities and Cash Flow , page-51

  1. 1,398 Posts.
    re: Ann: December Quarterly Activities and Ca... ARH77
    There are alot of ifs and buts in my assumptions mate.

    However it explains why its taken awhile to drill napville if GGE has been swooning all the Cris R ii & iii participants to unitize. Dont forget LOC would have played a big part in this.

    By the very nature of finding this oil fills in alot of blanks for LOC and its geologic map of the Cris sands, so to me it seems the cause of the "unitization".

    Jolen (if its part of the sands) got down to 100bopd either because of split casing or depletion, we do know that GGE are excited with their discovery, so have they found more? They wouldnt be excited at 100bopd. They might get excited if they can "pressurise" the cavern and get a higher production but I doubt that also.

    But if they have substantial reserves, multiple production wells unitized and the geologic map moves more into GGE's territory, thats a good reason to be excited.

    Yes Im making assumptions.

    We need either Rob or Scott to help draw up this geologic map IMO.

    It would better explain why there is a unitization.

    T1
 
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