I did believe that GGP would reach a prod figure of 1,000bod quicker than AZZ and SSN but in my defence lol ( always a disclaimer hey :) ) I was blind sided ! Yes I was wrong, big time !
Just to keep people up to date with GGP API's. GGP have only 2 more valid API's in play and both expire on the 8/12/2013. So 23 days to spud and complete the drilling of the vertical API's. What chance ??
Here are the 2 still valid,
383-37590 383-37592
So the Vertical well which was going to happen in October is obviously gone. The 2nd Hori is dead in the water ! What lies ahead ? No sign of a rig being booked, so pretty much a miracle is needed as the decline curve keeps dropping on the current production.
GGP Price at posting:
2.5¢ Sentiment: None Disclosure: Not Held