GGE 25.0% 0.5¢ grand gulf energy limited

Ann: Napoleonville Farmout Completed , page-19

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  1. 3,469 Posts.
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    Flux
    T1

    If as you say ,sold Down, I would punt on a good reason not yet apparent.
    So, the Big Dude could be the reason.
    Is there more to the choice of the new partner than we know ATM; More to follow ?
    They seem pleased to ann that
    "This farmout will provide Grand Gulf with a dedicated partner who has the significant and specific geological and geophysical expertise warranted for a project of this size and complexity"

    Is the Two Well proposal over 9 months , only part of the PROJECT ? How much dedication required for two wells in nine months ?
    Not exactly over working the partner who gets 57% to 63%.

    So what is the PROJECT having "SIZE and COMPLEXITY ?"
    Meanwhile
    Can't help but feel that 31 mar 2013 will have an affect on OPs .

    Wait and See
    CH$$RS R15










 
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