GGP is looking at more acreage the have announced that .
At the end of this cash raise they have somewhere in the order of $7mill + in the bank and have a heap of wells to drill.
I just cant see them buying a meaningfull slice of land from anything other than cash component in a JV arrangement.
As to point 3 they havnt drilled any verticals to 10000ft.
I would imagime they would have been aware of the other intervals and are probably following up on Pioneers work in the Strawn and the Atoka. I am looking forward to finding out which interval makes up the three we know the wolcamp and Strawn account for two.
Cheers Whisky
GGP Price at posting:
2.1¢ Sentiment: Hold Disclosure: Held