GGP 0.00% 0.6¢ golden gate petroleum ltd

horizontals x 4..., page-9

  1. 13,464 Posts.
    lightbulb Created with Sketch. 4586
    Hi DJ
    Yes you are right, about the 3 weeks to drill a horizontal and probably another week to frac it then a little more time to drill out the plugs then let it rip, then of course connect it.

    From spudding to producing oil and gas may tke 6 to 8 weeks IMO. They can of course take oil off anytime the well is running.

    The key to cash flow IMO will getting the frac crews on time we may well see 2 horizontals drilled back to back followed by back to back fraccing as was done on the last two wells.

    The more wells they can drill and frac back to back the better but it may put a strain on cash flow

    I suspect they will try to get some sort solid flow rate announced on the first horizontal just like the first vertical before its conected if for no other reason than to keep the raging fans at HC off there back.

    But as Morebull pointed out in his excellent post they can always push out the time frame if things get tight.

    Cheers Whisky
 
watchlist Created with Sketch. Add GGP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.