AUSTIN BAYOU
SPUD UPDATE
HIGHLIGHTS
? Patterson Rig 532 is presently being moved to location with Spud anticipated within 7 days
? 23.25%WI of 11.5 BCF & 180 MBC (upto 15.5 BCF/250 MBC) updip production project, located
in Brazoria County Texas, N flank Danbury Dome
? Well is targeting two updip productive intervals (Andrau & Tex Miss 1)
? Additional 4 exploration sands (Tex Miss 2, 3, 5 & 7)
? Proposed well is 100-150ft updip from initial well which produced 3 BCF and 50 MMBC
? Low cost normal pressured straight hole well (GGE share $385k)
? Project generated from re-processed data on proprietary seismic
? Up thrown 3-way trap to buried fault, strong seismic amplitudes tied to pay
? Sand deposition is uniform with the downdip well logging 100ft of pay over 320ft of sand
announcement
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.351M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $1.838K | 612.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1997621 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 8213450 | 14 |
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| Last trade - 14.30pm 08/11/2024 (20 minute delay) ? |
| GGE (ASX) Chart |