GGP 0.00% 0.6¢ golden gate petroleum ltd

entitlement issue prospectus, page-89

  1. 8,862 Posts.
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    Evening Morebull and fellow GGPers,

    Something puzzles me in the fact that now the SPP has been officially launched.

    We have a falling SP and the closer it gets to 1.7c maybe the turnoff for many to buy if it reaches that price. Then its up to NOVUS to pick up the slack on top off their issued quantity.

    Its going to be one hell of a dump on the extra that they pick up. So what price then are we looking for.???

    The other is ok, GGP has had 2 SIs and this CR in current ongoing. How long is that going to last with the hori #5 taking $3m of that. We are also supporting other projects outside the PB.

    Virtually no production for 7/8 wks with the delays of #6 and #8. The 2 #9s are a month behind in being fracced and with the delays to these 4 wells is LOST PRODUCTION time and NO REVENUE in this period of inactivity.

    You know me and my passion for GGP and Im not trying to downramp our stock. This has never been mentioned or brought up and am just stating facts.

    I wonder how long with what cash is raised and with a seismic also on the list even though at a cheaper price. How long willwhat we have in the piggybank last untill more PRODUCTION REVENUE is injected into the company ACCs.??? Will there be enough left for further wells ??? Could we face another CR if needed.???

    Just trying to work this out. Without the downtime of #6 and #8 things would have been in a totally different perspective. This goes for the 2 #9s a month behind in revenue now.

    Any thoughts to this.????

    THANKS.
 
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