GGP 0.00% 0.6¢ golden gate petroleum ltd

why is ggp running ??, page-128

  1. 8,844 Posts.
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    Been out most of morning but watching SP on Iphone.

    The BIG question asked is why ANN not out on #8 and #9 wells.

    Well Im not worried and there are valid reasons as to why management has not released them yet. We can speculate as much as we like as to why and some think its a conspiracy. HMMMM really.

    We know what #6 flowed and were told #8 is the equal or better than #6. Management could not decide even that until it was tested.

    #9M was drilled and wirelogged before TD, 1200ft short in fact for some reason we were not told. Im not perturbed the last 1200ft was not wirelogged as from the geology Iv e seen this section is right in the thick of things of the productive Wolfberry rich organic shales.

    Management were more than happy with the so far drilled 8240 odd ft already drilled and ordered the completion of the remaining 1200 ft drilled. This is all confidence on their part with no untowards sinister meanings.

    It was close to holidays and curiously they tested was done on 9m. No doubts the 2 wks of the Xmas break will have something to do with it. Management arent clocks that can go 24/7 all yr round need a break too.

    Somethings as Fridays ann need to be reported in certain timespans as per ASX regs. Drilling only needs to be done in orderly timeframes and we have been blessed we get as many as we do from management to keep us informed. yes they were concerned of the market not valueing GGP SP to its real worth but this has nothing to do with the change of tact now.

    I urge all holders to be patient till this is all released in due time that it takes. We are sitting on a GOLD (BLACK) MINE here and will be a wonderful producer as each well is drilled and into production. SP value will explode with each and to hold is the only way profits will be made.

    Im frustrated too like many others awaiting all these results but patient too.

    Hope Jumon #4 now being drilled in another location, too can be added to GGPs stable of SUCCESSFUL wells.

    Sit back and enjoy the ride as each ann comes to propel us into a differnt future world.

 
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