GGE 0.00% 0.4¢ grand gulf energy limited

ab oil show, page-47

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    In case you missed the lead up to Thursday 9 th Aug

    Last week in retrospect,

    Mon 6 Aug

    "Progress over the
    weekend was delayed as a result of a milling operation.
    The well remains in good condition."

    Details not forthcoming.So we assume all is well.

    Thur 9 th Aug

    "The Board is pleased to announce that the HRI Well No 1 is currently preparing to drill ahead at 10,667ft after being spud on 2 July 2012, Houston time. Whilst drilling the well reported its first oil show between 10,527-10,561ft. This appears to tie into the Tex miss-1 sand above the first primary objective, the Andrau. Electric logs are planned to be run after the well reaches TD to determine commerciality of any hydrocarbon shows."

    "First oil show" interesting.

    This preceded a "run"on the Sp back to .004 . A 100% rise in Sp.

    The run ceased before close on Thur and Fridays trade was all done and dusted by 4 minutes and 38 sec sfter opening.
    Three trades for a total vol of 2.2 mil.

    Punters were applauding but watching on .

    All very neat and tidy waiting for "After the well reaches TD to determine commerciality of any hydrocarbon shows."

    So - it's going to come down to the wire by Fri. By the sound of that AB is being very carefully handled

    CH$$RS R15








 
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