GGP 0.00% 0.6¢ golden gate petroleum ltd

announcements, page-49

  1. 13,419 Posts.
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    Morebull

    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

 
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