GGP 0.00% 0.6¢ golden gate petroleum ltd

start of production and cashflow

  1. 3,351 Posts.
    investors and traders,
    the next few weeks should be extremely interesting. According to their announcement dated 8th april, production should commence on the start of May.

    ; Drill site has been converted to a production facility with the construction of a permanent pad.

    ; Production equipment moved on site and assembled to commence production from the initial interval tested at 8,370 feet.

    ; Road to the production facilities is currently being made permanent and designed for access to a second drill site for a follow up well to the initial discovery.

    ; Short pipeline to the main meter station should be completed. Surface access, meter station upgrades and pipe acquisition have been organised.

    ; Actual pipeline construction is planned for the end of this month with production beginning in May.

    Comments; It is pretty obvious that cashflow should be coming into the company's coffers. But what would intrigue the market further would be the analysis of the new play below.

    Currently undervalued based on impending cashflow and 6 drill zones and 2 testings.

 
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Currently unlisted public company.

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