GGE 10.0% 0.5¢ grand gulf energy limited

accumulation at 1.3, page-18

  1. 4,481 Posts.
    There is another consideration now *Provided #1 is safe sound and secure*

    There is a better than even chance now that GGE could be producing from both sands around the same time. Now each sand was estimated at 200bopd.

    Two sands producing in 4 weeks may see production at 400bopd or around $10,000 per day to GGE. That is not ramping nor is is out of the question.

    I suspect once Mantle has completed this well, they wont be part of the ongoing control of the operation.

    GGP/GGE together hold greater than 50% and I would strongly suggest they use it to remove Mantle from any control.
 
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