GGP 0.00% 0.6¢ golden gate petroleum ltd

good initial flow rate, page-43

  1. 8,080 Posts.
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    The other thing to remember on a day when a number of people are losing their heads (esp. over on VIL from a quick check).....is not to lose yours.

    And the most important thing to stop and think about is this :

    Why did GGP take the decision to immediately increase the amount of acreage around the permit/propsect ???????

    Because all the information they were getting as they drilled down indicated that they most probably had something MUCH larger than they had predicted.

    There would not have been that flurry of action after reaching TD if they were not convinced that they did in fact have something "exciting" here.

    Okay. They have yet to prove what they have got in commercial terms. And if this presnt testing confirms a commercial find at that lower level it does not mean that they have got the most lucrative layer in the Fausee Point structure yet.

    Happy to wait.
 
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