Did a bit of digging back thru old Market Briefing statement on 31/10/2012, looks like with the new SRH#5 well we will have rights to about 1000 acres all of which are in Reagen county.
The size of the leasehold is 2,300 acres and covers about 5 or 6 zones, so I would think at best unless a miracle occurs is that will be the only portion GGP can hold onto.
The entire 8,800 acres were obtained for about 5million dollars and have a market value of around 24million.
So I am guessing we will hold onto 1000 to 2,300 acres unless a miracle occurs.
GGP Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
