GGE 0.00% 0.5¢ grand gulf energy limited

re: Ann: September Quarterly Activities and C... ARH77the...

  1. 1,723 Posts.
    re: Ann: September Quarterly Activities and C... ARH77

    the following link contains a scientist's view of the situation:

    http://theadvocate.com/news/4227993-123/scientists-give-sinkhole-insight

    Nothing for us to worry about, I think.

    As was mentioned earlier, there has not been a lot of oil loss:

    Quote:

    ....

    In other developments, Texas Brine officials provided updated and increased totals on the amount of crude oil removed from the cavern and the sinkhole’s surface since an observational well pierced the cavern weeks ago.

    Mark Cartwright, a Texas Brine vice president, said about 2,800 barrels of crude oil were removed from the cavern and another 600 barrels skimmed from the surface of the sinkhole.

    Cartwright added that it appears all the recoverable oil had been removed from the cavern at this point.

    ....

    Next Monday we should wake up to news of a spud, IMHO.

    Good work sleuths.

    Footnote: One has to have a wry smile, GGP holders (I am one of very many) often have a dig at GGE. But GGE seems to be scoring goals and providing essential cashflow for GGP, ( many here would be aware of the tribulation over there).

    I have good vibes about Desiree, (esp. assuming an experienced and capable operator). (But I do not know a great deal about Petrodome. But if R15 is happy, then so am I)
 
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