GGE 12.5% 0.4¢ grand gulf energy limited

it's a gurgler, page-7

  1. 6,609 Posts.
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    The market depth has certainly swung back in our favour here. The bid is at 1.3cents which is alot better than yesterdays 1.1cents.

    What do people think about the supposed sample flow rates? We have 20-30mcfd of gas, 250bpd of oil, and 5mcfd of water. The oil flow is above estimates, so that is a great sign for a well that had sand and mud spewing all over the place as well.

    I'm hoping for this relief well to be drilled within the time schedule, so in about a week's time I am hoping. Soon after we should get the BOP secured, and then, finally, we should get some official flow rates!

    It is truelly amazing how the market sentiment can change when there is a bit more certainty about everything. Our market is taking a fall today, but investors are feeling alot better about GGE this morning than they were last night. This all bodes well for a successful SPP, even if they have to put the date back a few weeks.
 
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