Hi Frosty,
In the GGP ann. of 2 Dec 09, it stated "It is expected that the well will commence drilling by the end of the week and is anticipated to take approximately three weeks to drill and test."
One would therefore assume that by Monday or Tuesday at the latest, that GGP will confirm to the ASX that drilling has indeed commenced.
Also stated of significance "Potential production rates could exceed 1,500 barrels of oil per day as initial production rates are estimated at 300-500 barrels of oil per day per sand and there are multiple sands. Production could be supported by nearby infrastructure...The Fausee Point exploration project adds another high impact exploration opportunity with near term upside to its current planned Bowtie West project."
I recently bought GGP as I felt that it had been heavily oversold and have been adding to my stake on weak days. With a growing oil and gas production profile and an active drilling program, there will hopefully be increasing market attention for GGP.
DYOR
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