GGP 0.00% 0.6¢ golden gate petroleum ltd

our current position, page-65

  1. 4,481 Posts.
    I think worst case scenario from this point in time is that they cant proceed.

    Maybe that they plug the hole, write off money spent so far and re drill the well nearby.

    Not very good for AUJ being their first and only hole, thats another story.

    Somehow I think this is history repeating itself...and I should have considered this a reality rather than not.

    The share price will suffer if the company has to shut in the well - strong possibility at present. I think this is the reason behind the silence.
 
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