ggps state of play

Cripes, Id wish some would see the big picture of whats to come.

THE PB.

We have 4 wells drilled so far albeit in a program that is now in a testing mode. Be patient , optimising these 4 wells for max production takes time, with a few hicups on the way.Thats the finickey business of the O&G industry and is not for the faint hearted or for the QUICK BUCK MAN.

We are very fortunate to be in the BIG LEAGUE of a major exploration region in which means BIG $$$s in rewards when the time comes of anns.

Hey we have another 106 earmarked, what more can you say or want.???? How many other oilers do you know have this on their books.?????

How many have multi level plays as we have in the PB and each capable of being a hori and returning 2/3 times more than a vert with longer well life/return. Some of these potentially could be multi laterals because we have the luxury of being in a prime location.

We have been offered 3D seismic at 2/3rds of the price by a large neighbour (LAREDO ???) suspected. Will potentially be a huge +ive in our exploration pinpointing the better spots to drill.

What a steal and $$$s not only saved but gained in bigger production volumes in the future.

More acreage acquisitiong in GGPs site on the offering table in and around the PB leases. Add also talks on a JV partner but these take time to plot out what stake can or cannot be had at what price in favour to GGP.

Isnt this alone worth the wait.???

But wait theres more to the big picture.

WE all know we have other interests in Bowtie, Fausse Point ,Le Blanc asset producing now for a small revenue base crucial and more planned drilling soon. Bowtie has spudded and hopefully will produce.

But wait theres more.

THE EFS JV.

This is a big play on SGs part to diversify and leveredge our financial position. For $3.7m I think it is it gives us a 10% stake in a massive producing region eaqual to our PB leases.

Estimated is 1.5m barrels for GGPs coffers and thats in a 40+well program. SG says the 1st 2 or 3 are to be paid up for.

ASk yourself, what is this worth for such a small outlay compared to drilling these wells at full cost of $7.5m each. In reality its a bargain and in time our coffers will be rolling in cash.

Here will be our 1st HORI to be spudded before the end of the month.

Comeon work it out now how many wells do we have an interest in now.?????

PB 110

EFS 40+

Others 6
__________

Total 150 Approx


Now is this worth waiting for????

Dont forget SG is planning for more.

My heads spinning trying to think how many are to be in productin in 12 mths and at what volume they produce in 2 of the WORLDS BEST ACREAGES.

My money says take your time SG and develope GGP into a major producer with MAJOR ACQUISIIONS adding SHER value.

Go on find how many others have we already have and in prime WORLD CLASS ACREAGES and at our current SP. How long will it stay here.???