Drilling Update The Board of Golden Gate Petroleum Ltd (ASX: GGP) advises that the Richardson #1 Well has reached a depth of 9,010 feet, with a target depth of 9,500 feet. We are currently logging the well prior to setting intermediate casing. Once drilling recommences towards the primary objective, we will be increasing the mud weight for the expected higher pressures. It normally takes two to three days to log and set casing at these depths.
AUJ Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
