oil and gas hits!, page-3

Just to add...my recent post on GGP thread...


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Hi Scottport,

They may not have announced the gusher that we all dream of but IMO it's still early days to come to any sort of conclusion yet.

"Completion work has begun and a testing program will be developed over the next week in preparation for perforating and possibly stimulating the objective."

I'm guessing that once initial flow rates are released (and probably assisted by stimulation) the well could contain both OIL and GAS. And if fraccing or the likes is required 200bopd may not be a big ask.

Either way, any commercial gain from this well will be a bonus for AUJ with it's SP being so close to cash backing and should further enhance GGP cash flow position. Let's not forget this is only the first well!.

JMHO.

Cheers,

Arkie