•GGP’s first well drilled in the Permian project. It continues to serves as our “test hole”, along with the SRH #2, as we investigate completion techniques, results from fracture stimulations, and monitors production from the Wolfcamp intervals. •Discovered a new productive intermediate and lower Wolfcamp interval (Cline Shale). •Will complete 5 additional fracture stimulations in the Spraberry Dean intervals when Wolfcamp testing is complete.
In the last Project update they also stated, and I quote..
"Continuation of the drilling program will occur once a new partner joins the project or a determination is made to move forward given the interest levels. Expect a new partner to join the project."
So - if they are applying for Horizontals - then it is extremely likely that they have what they "expected" to get.
IMHO GLA and thankyou Acreage!
GGP Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held