Golden Gate Petroleum released a Projects Update Presentation...

Golden Gate Petroleum released a Projects Update Presentation yesterday, with some information on production figures and ongoing developments at Bullseye.

Taken from announcement

Production:

? Jumonville 1 & 2 have produced approximately 300,000 bbls of oil and 160 million cubic feet of gas
? Currently producing around 100 barrels of oil equivalent per day
? Revenues priced off Louisiana Light Sweet Crude ( currently USD$15.60 premium to West Texas Intermediate)

Next Developments:

? Preparing for next development well in the Miogyp and Camerina
? Site surveys, AFE, well plan completed
? The Company has over 50% working interest in the project, is the operator and is examining possible farm in candidates to share drilling costs.


I'm wondering if Quest have been in talks with them to aquire a working interest in these drills. Would seem to be a good opportunity considering the success they've had with the two producing wells.