The EF investment was a pretty safe bet for GGP and the upcomming production is welcome but it still strikes me as a surprise that we got involved especially as we were cash poor and fully involved in our PB project. In any case, it further shores up a positive future for GGP.
I can't wait for those EF numbers to come in...alongside some improved production figures from SH1 & SH2. October could be a great month for GGP, helped by a strong oil price.
So all in all, hats off to SG - the Cutless wells look to be a timely value add, but geez wouldn't it be great to get some news soon about the double frac program? I can understand the JV dragging out but if there's an excuse for a delay, then, SG, pal, let the market know.
DJ
GGP Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held