I see GGP are of on another crusade (project) after yet another fundraising.
I am curious as to why, it seems to me anyway, that they seem to have put the Bullseye project to one side.
A while back we were informed that the independant reserve report on the Miogyp producing zone would be ready in September, now we are informed December quarter?
Further there has been no mention of timetables for further drilling at this project despite thoughts that the Acosta well could be sidetracked at minimal cost to hopefully generate further revenues.
The Bullseye project was hugely touted by GGP at the outset but now it seems to be being put to one side in terms of proirity.
The SONRIS website indicated that the last flows from J1 and J2 were producing circa 800 bopd, that was 3 months ago. We never get any update on production numbers from the company....Why???
Just some thoughts during a quiet period.
GGP Price at posting:
4.6¢ Sentiment: None Disclosure: Held
