GGP 0.00% 0.6¢ golden gate petroleum ltd

so a gas discovery with perhaps an oil leg is , page-2

  1. 5,439 Posts.
    lightbulb Created with Sketch. 1
    Check the detail of the recent announcements Marketinfo. The tone has been consistently low-key. They (GGP) are coming down on the side of predominantly oil, so maybe (my deduction, not GGP's) with smallish gas cap or solution gas (Miogyp sands). It was light oil they saw in the mud pit while drilling upper levels of Miogyp sands. Camerina sands higher in the sequence (a secondary target) seem to be currently being viewed as less definite for oil, but positive for HC's (hence BOE's reference). They couldn't get down to the deeper 2nd main objective (Cib Haz sands) but say they will target it in another well. They think it's even bigger than the Miogyp.

    I'm picking there'll be lots of scribbling on the backs of envelopes tonight. I'm leaning towards a major discovery here. Let's see what the press makes of it. They'll be all over it if the flow tests are good. It's a bl**dy hard time to come up with this; I suspect most of us are fully committed with not much free cash. What to sell?
 
watchlist Created with Sketch. Add GGP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.