GGE 20.0% 0.4¢ grand gulf energy limited

is news coming out any time today?, page-39

  1. 6,591 Posts.
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    I know I said I wouldn't play the guessing game for an announcement timeing, but I thought it would be timely for just for a bit of a heads up for those relatively new to O&G stocks like this.

    If a logging enquiry into flow rates doesn't require the well to be fractured, you can be looking at day-after results once the logging has been commenced. This is typical with conventional wells where the gas literally gushes out of the ground.

    If fraccing is required, flow rates can take as long as two weeks to be determined once you get decline rates etc. Having been involved in AUT which have drilled many wells recently, I can assure you that a delay is by no means a bad thing! Have a look at their chart for the year if you want confirmation that good things take time! For a general rule with AUT, I look at a week for an average time-frame for flowrates. Perhaps GGE could follow this sort of timing?

    Anyway, I'll leave the guessing up to you, I don't want to confirm anything given I have been wrong with predicting the flow rate announcement so far. Good luck everyone though!
 
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