This is great news - in relation to SRH UNIT 1.
Last Update they stated this about SRH 1...
•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!
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