GGP 0.00% 0.6¢ golden gate petroleum ltd

Hi Trees The decline rate in the first year is quite spectacular...

  1. 13,593 Posts.
    lightbulb Created with Sketch. 4670
    Hi Trees
    The decline rate in the first year is quite spectacular then has a long tail thats the reality of shale wells but is ballanced by the ability to drill lots of wells quickly and cheaply.

    We will have to wait to see if our wells decline at the same rate.

    I noticed in one of our presentations that our gas sells at a premium and has 1.25mmbtu to 1 mcfg this is slightly lower than azz at 1.4mmbtu to 1 mcfg but its oil we want anyway.

    Cheers Whisky
 
watchlist Created with Sketch. Add GGP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.