GGP 0.00% 0.6¢ golden gate petroleum ltd

bring it on, page-5

  1. 13,592 Posts.
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    There were a couple of points that I missed on my overview.

    The first was the fact they are still looking for more land,
    They may be in a good position to make an aquisition if the JV has a cash component and I expect it will.
    I thought the EFS jv may have been it for now but it seems not.

    The second point was that they are isolating the Strawn and Cline intrevals in SRH 4 and will only be producing from the middle and upper intervals of the wolfcamp plus the Sp/dean intervals.

    I would imagine they are doing this to keep those lower intervals for running a Horie past.

    SRH 3 had no mention of free flowing oil to surface while drilling and SRH 4 mentioned Gas and liquids to the surface from the Strawn only which will be now isolated.

    This combined with the fact SRH 4 like SRH 3 had a very low key initial update means it will most likely will not be a high flowing well.

    So Im putting those two wells down for a 100 Boepd each untill proved otherwise.

    Cheers Whisky
 
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