GGE 0.00% 0.6¢ grand gulf energy limited

$8mil market cap - 1.2mmbo , page-17

  1. Ya
    6,809 Posts.
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    That's the Grand Bayou Oil Processing facility in the reclaimed swampland. It sits right on top of the SaltDome.

    Noticed the old well clearings to the left. This area has been drilled since the 1920's & they were drilling into/closer to the salardome.

    With the recent 3D-seismic that Alto have shot over this area, they seem to b relatively confident abt the presence of the thin stacked sands (TexW, BigHum, Operc, MargA) skirting away frm the saltdome.

    There's a good 3D graphic of the Salardome-Sands, explaining this on 1 of their preso's on the website, worth chking out.

    Look fwd to an official update on rig moving to the location & spudding some time nxt month. Might grab some of this b4 it starts to run away.

    High vol. of 99.48mil seems to b good, accumulation going on, b4 the action starting up nxt month.
 
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