GGP 0.00% 0.6¢ golden gate petroleum ltd

update out, page-24

  1. 8,096 Posts.
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    "... bad results at Napoloean ...
    ... further delays at other Nap well drill sites ...
    .... FP is a fizzer ...
    ... nothing else happening at other drill sites ... "

    Hmmmm samd67 that is putting a whole lot of negative spin on things and some incorrect conclusions to say the least.

    1) Napoleon D&L #1 well....bad result. Hardly
    We haven't got a FINAL result for one thing.
    And secondly I wouldn't call 120 feet of net pay over 3 "zones of interest" bad either.

    2) "Delays" at other Nap drills. Well that goes with the territory. If the first well drilled has a delay then the others in the series are likely to be put back. No big issue

    3) Fizzer at FP. Gosh have you got a hot line contact with SG ? There is nothing to say at this stage that the lowest zone at FP-1 is not functioning.
    Until we get a clear announcement on its status there is no use specualting that it is no go.
    Admittedly, it could be a possibility that it has been difficult and it may end up being plugged in favour of a FP-2 well drilled more directly into the heart of this possible large structure.
    But equally it could also be exceeding expectations at this stage and improving every day it runs.
    Just have to await news from the oracle.

    4)"nothing happening elsewhere" Oh dear LOL, LOL, LOL
    Perhaps I could mention Silverwood within hearing distance of yourself sam. Go check out the announcement date 20th July.

    Never mind good try.
 
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