Hi Guys, Below is a copy/paste from the GGP update released today. It looks like FP is held up by VIL. Hopefully SD news are great and this allows for FP to get a move on.
A new side-track to the TGR #1 well is targeting a potential 200 acre gas accumulation identified from reprocessed 3D seismic. •The cost of the side-track is projected to be approximately US$1 million, and contains a possible pay interval of up to 20 BCF of gas on an un-risked basis. •Leases over the new target have been put in place by the Company and the drill site has been readied for new operations. 17 TGR #1 Well – Side-Track Company Working Interest Golden Gate Petroleum Ltd* 18.00% Verus Investments Ltd (ASX:VIL) 72.00% Other Partners 10.00% * Operator Fausse Point Partners •Drilling and timing of this well is the
VIL Price at posting:
0.5¢ Sentiment: None Disclosure: Held