Yep and fundamentally...The acquired lands, located in the oily portion of the The Wattenberg field is a very active oil basin in the USA and with over 27 rigs presently drilling.• As of March 2018, the Wattenberg field was producing 1.92 BCF of gas and 331,000 barrels of oiland condensate per day, from more than 23,000 active wells,and GGE have the potential for 64 drillinglocations spread across 8 DSUs.That means we could be producing the black stuff and the sweet gas from our % cut of 64 wells in due course.... no brainer here!
Even the big boys like it...Over the last 8 years unconventional basins have seen significant improvements in recoveries and the DJBasin is one of the best performers. Ranked 3rd by credit Suisse.
Ann: GGE Sep 18 Quarterly Activities and Cashflow Report, page-61
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.57M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $3.867K | 644.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1565500 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 3016706 | 4 |
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| Last trade - 12.46pm 19/07/2024 (20 minute delay) ? |
| GGE (ASX) Chart |