re: Ann: Partners Declare Commercial Producti...
500 m cfd = 500 x $5/mcf gross = $2500 /d
(m=1000)
GGP share $500/day.
VIL share $1250/day.
On its own, its not much, but, you have to look at it as the edge of a system, that they can now go onto drill further zones, and targets.
Ultimately FP will be several accumulative wells, some maybe oil, most, imo, gas. But you never know, there were oil in the side cores, so, maybe one of the other zones, or compartments have the black stuff.
GGP Price at posting:
4.3¢ Sentiment: LT Buy Disclosure: Held