VIL 0.00% 1.6¢ verus investments limited

from ggp quarterly

  1. 424 Posts.
    Fausse Point Project
    TGR #1 Well – Side-track, Iberia Parish, Louisiana, 18% WI
    As part of the Company’s effort to improve our overall project slate, we have elected to discontinue being the operator of the Fausse Point project and have recommended to the other working interest partners the plug and abandonment of the existing well. Cost for this exercise will mostly likely be covered by the sale of production equipment. .

    This project looks dead
    if ggp are not committing anymore $ how can it progress
    this is not going to go well for the CR
    No FP as i read it and no new projects at this stage

    no more money from me!

    Money1
 
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