GGP 0.00% 0.6¢ golden gate petroleum ltd

court case, page-9

  1. 6,029 Posts.
    My favourite quote is re # 8 well

    "The Company estimated that the well contains 202,000 bbls of recoverable oil from the sand and shales.
    The Kerogen rich shales showed a large percentage of brittle shales that were excellent frac candidates.
    Along with the high rich gas shows, the recovery rates per acre foot are expected to be higher than the SRH-
    1 well."

    In regard to the 75% ne interest, this has been allowed for in many previous announcements . Its our worst case position, and still sees GGP very profiyable on success
 
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