GGP 0.00% 0.6¢ golden gate petroleum ltd

how sad, you can't now sell even @ 0.3c now. , page-8

  1. 10,873 Posts.
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    "lost the Eagleford asset"?

    Don't you mean sold the Eagleford asset after many many months of delays by the Operator (not GGP) surrounding get a frac done, buuld out the infrastructure needed to put the previously drilled well into production and generate some cash flow!

    On top of that cost, is the requirement of committing to spending to the 2013 drill program of 2 Hz wells to fulfil lease obligations (so at least $1.6M)

    Hardly lost, but sold to recoup its earlier capital spend and to prevent additional capital spend (which incidentally that don't have) and focus on the PB.

    What's been lost is our shirts and the plot judging by most posts.
 
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