GGE 0.00% 0.6¢ grand gulf energy limited

ann, page-43

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    Scott, we are pretty much on the same page. I dumped the prodn history from Sonris and converted gas to oil equivalent using the historical prices to get a picture of where we are at. I used the last GGP report numbers to forecast Desiree & Louise and kept Abita stable, also used 28 day month to reflect around 90% availability. I didn't worry about WK but hopefully that can add a little fat. Also no guarantee's on 60bbls/day on Louise so put it out to Sept14.



    Even if Louise is a duster as long as the others remain stable I think we are in a good position. Imo GGE is largely a producer and developer at this time, I guess future plans may introduce some exploration to the mix which could give more of a kick along. Surprising though as in these times I have thought lower risk to be a safer option. FWIW I think our mgt have delivered better than most and have done well to avoid some of the drama across the board.

    All opinion only, graph is based on my interpretation and analysis.
    Bw
 
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