management do something, page-32

All good NR and looking back I may be feeling edgy for no real reason. Thinking you will be right and news will start filtering out very soon.
Now where did I put those patience pills.... :)


12 October 2011

D&L #3 WORKOVER RIG ON LOCATION
The Company’s estimate of hydrocarbon potential in the M sand as follows:
Oil (BBL) Gas (MCF)
Projected Recoverable Reserve 400,000 1,200,000
Partners in the D&L#3 well are:
Company WI
Grand Gulf Energy Ltd (ASX: GGE) 39.4%
Golden Gate Petroleum Ltd (ASX: GGP) 15%
Other Partners 45.6%
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31 October 2011

JUMONVILLE # 4 UPDATE— PLAN TO COMMENCE DRILLING OPERATIONS MID NOVEMBER
Golden Gate Petroleum Ltd (ASX: GGP) is pleased to provide a market update on activities involving
the commencement of drilling operations for the Jumonville # 4 well. All permits are in place, location
prepared and the Justiss Drilling Company Rig # 61 is scheduled to arrive at the Jumonville location
around November 20th.
The contracted rig has been recently delayed with current operations. These delays have now been
resolved and the rig is on schedule for a move-in date around November 20th, subject to any further
unexpected delays.
SHALLOW LAUREL RIDGE (HUTH) PROSPECT AT BULLSEYE—JUMONVILLE # 4
The Huth Prospect is comprised of the mineral rights down to 11,000 ft which contains the producing zone
at 10,100 ft (the Huth Sand). The Huth Sand has produced over 2.3 million barrels of oil and in excess of
2.5 billion cubic ft of gas.
Based on 3D seismic review and recent log indicators, there may be significant amounts of recoverable oil
remaining in the Huth Sand with 4 locations to be drilled. The Huth Sand has averaged 291,000 barrels of
oil from the 8 wells produced from the interval.
GGP has the rights to a 21.0% working interest after paying 25% before casing point in the first two wells.
Leased acreage covers 910 net acres with a 72.0% net revenue interest. Kindee Oil & Gas, Louisiana
(Kindee) will be the operator and will handle the production once a successful well is completed.
..........................................................
14 November 2011
The first oil and gas discovery at the SRH-C # 6H well is to undergo fracture stimulation
this week. Seven intervals in the Wolfcamp formation will be fracture stimulated by Halliburton. Thework program is expected to take most of the week.
The second oil and gas discovery at the SRH-A # 8A well is estimated from log
interpretations to contain 202,000 of recoverable oil from the sand and shales. This well
was completed to a total depth of 9,500 feet with seven pay intervals identified from 5,474 to 9,321
feet. Log analysis counted 60 feet of conventional oil sand along with more than 1,250 feet of rich oil
shales which is the primary target in this shale play.
................................................

9 December 2011
The SRH-C # 6H well, the first oil and gas discovery in our Permian Project, flow tested
and produced 379 barrels of oil and 328 mcf gas over a 24 hour period using variable
choke settings and at stable flowing pressures. The well will continue to be monitored at
variable settings in order to establish the optimum performance level for the fracture formations
currently under production. Oil Sales have commenced and additional storage is being arranged given
the high flow rates from the initial production. The 6H well continues to produce frac fluid/water. 267 barrels of frac fluid/water was produced over the recent production period and is expected to
continue over the next couple of weeks.
.............................................................


12 December 2011

PERMIAN BASIN PROJECT UPDATE
COMMENCE DRILLING AT # 9M WELL.
SUCCESSFULLY COMPLETED HYDRAULIC FRACTURING OF THE # 8A WELL.
Golden Gate Petroleum Ltd (ASX: GGP) is pleased to provide an update of operational activities in our
Permian Basin Project located in Reagan County, Texas.
The SRH-A # 9M well commenced drilling operations on Saturday December 10th. The
well is currently at 581 feet and is setting surface casing. The well is planned to be drilled to a
depth of 9,400 feet and should take around 8 days to complete. Once the 9M well is complete, the
rig will be moved to our fourth location and commence drilling. These two wells will then be readied
for fracture stimulation in January.
The second oil and gas discovery at the SRH-A # 8A well successfully completed the
hydraulic fracturing of the Wolfcamp intervals over the last several days. A service rig will
be moved on site within the next few days to drill out the plugs separating each frac interval. The
well will then be put on production to return the frac fluids and begin production testing.
................................................................


14 December 2011

Permian Basin, SRH-A #9M well, Reagan County, Texas, Operator, 100% WI
The SRH-A #9M well spudded on 10 December, 2011. The well is presently drilling ahead at 3,311
feet and will be drilled to a depth of 9,400 feet.
Permian Basin, SRH-C #6H well, Reagan County, Texas, Operator, 100% WI
The first well completed has been shut in for a few days to allow for the permanent production facilities to be installed. The Company will advise when production recommences.
..................................................................

19 December 2011

PERMIAN BASIN PROJECT UPDATE
· 6H WELL IS HAVING PERMANENT PRODUCTION EQUIPMENT INSTALLED.
· 8A WELL SUCCESSFULLY COMPLETED HYDRAULIC FRACTURING. CURRENTLY
UNLOADING INITIAL FRAC FLUID AT 28 BARREL PER HOUR RATE.
· 9M WELL IS DRILLING AHEAD AT 8,240 FEET WITH ANOTHER 1,200 FEET TO
REACH TOTAL DEPTH.
· 9E WELL LOCATION READIED FOR DRILLING TO START THIS WEEK
.......................................................

3 January 2012

JUMONVILLE # 4 COMMENCED DRILLING OPERATIONS
Golden Gate Petroleum Ltd (ASX: GGP) is pleased to advise the market that drilling operations for the Jumonville # 4 well commenced at 22:30 on December 31, 2011. The well is currently at 1,815 feet measured depth and is preparing to set surface casing.
The Jumonville # 4 well will test the 10,100 ft Huth Sand as an offset to the Company’s 2009 Jumonville #2 well. The # 2 well logged 5 ft of net oil pay carrying 20 ohms of resistivity in the 10,100 ft Huth Sand.
There have been 8 wells completed in the Huth Sand averaging 291,000 barrels of oil. Four locations have been identified that may contain additional recoverable oil. The Huth Sands have permeability’s in the 250 to 900 md range; porosities of 25 to 30% and is normally pressured with a GOR of 1100 to 1. The prospect trap as covered by 3D is a 4 way closure bounded by a stratigraphic pinch out.
SHALLOW LAUREL RIDGE (HUTH) PROSPECT AT BULLSEYE—JUMONVILLE # 4
The Huth Prospect is comprised of the mineral rights down to 11,000 ft which contains the producing zone at 10,100 ft (the Huth Sand). The Huth Sand has produced over 2.3 million barrels of oil and in excess of 2.5 billion cubic ft of gas.
GGP has the rights to a 21.0% working interest after paying 25% before casing point in the first two well
...........................................................

13 January 2012

NAPOLEONVILLE FARMOUT COMPLETED
The Board is pleased to advise that it has completed a partial farmout of parts of its interests at the Napoleonville Salt
Dome to a private US onshore oil and gas company.
The terms of the farmout are summarized below:
· Reprocessing and re-interpretation of the seismic (at no cost to GGP).
· Partner will have 6 months from receipt of seismic data and tapes to propose a deep well targeting
the highly prospective Marg Vag/Cib Haz structures and will then have a further 3 months to propose
a second Marg Vag/Cib Haz well with both wells drilled by 31 March 2013.
· GGP will retain a carried interest of between 4.707% & 3.75% working interest in the eventual wells
that will be drilled under this agreement.

This farmout will provide GGP with a dedicated partner who has significant and specific geological and geophysical expertise warranted for a project of this size and complexity. The Board is very pleased with the completion of this farmout and to be fully carried while GGP dedicates its resources to the development of the Permian Basin project.
In addition, GGP participates in the Dugas & Leblanc discovery on the Napoleonville Salt Dome at a 15% working interest level where the current well is currently producing over 265 barrels of oil and 1.0 million cubic feet of gas per day, and a 3.8% working interest in the new Desiree prospect.
..........................................................................


24 January 2012

PERMIAN BASIN PROJECT UPDATE
SRH-1 (6H) WELL HAS GAS PIPELINE INSTALLED PLUS ADDING PERFORATIONS. EXPECTED
TO GO ON PRODUCTION THIS WEEK. CONDENSATE RICH GAS SELLS FOR OVER US$ 7 PER
MCF.
SRH-2 (8A) WELL UNLOADING FRAC FLUID. OIL HAS BROKEN THRU. CURRENTLY
PRODUCING OIL AT A 109 BBL PER DAY RATE AND INCREASING. GAS PIPELINE BEING
INSTALLED THIS WEEK
SRH-3 (9M) WELL SUCCESSFULLY COMPLETED TO A DEPTH OF 9,454 FEET. CONDUCTING
REMEDIAL CEMENT WORK IN PREPARATION FOR FRACTURE STIMULATION AT MONTH END
(SOME DELAY IN FRACING DUE TO SEVERE WEATHER)
SRH-4 (9E) WELL HAS BEEN SUCCESSFULLY COMPLETED TO A DEPTH OF 9,454 FEET. A NEW
BOTTOM HOLE INTERVAL (STRAWN) WILL BE TESTED IN THIS UP DIP WELL PRIOR TO
FRACTURE STIMULATION
SRH-5H WELL, OUR FIRST HORIZONTAL WELL IS COMPLETING PLANNING PHASE.
LOCATIONS AND RIG HAVE BEEN IDENTIFIED. NEW “SLEEVE” FRACTURE STIMULATION
PROGRAM BEING REVIEWED WITH HALLIBURTON. SPUD DATE EXPECTED LATE FEBRUARY
........................................................


31st January 2012

Fausse Point Project - Sidetrack Well Update
• Verus has completed seismic reprocessing and imaging
• Structure now well defined with new accurate targets identified
• Directional drilling plan to commence followed by cost estimates and rig tenders
• Additional shallow lead in area of mutual interest (AMI) under close review

The Board of Verus Investments Ltd (‘Verus’) (ASX: VIL) is pleased to provide the following update in regards to the Fausse Point project, which is located onshore and approximately 140km from New Orleans, Louisiana.
The Company is now in a position to confidently and actively pursue the drilling of the sidetrack. The work performed by the technical consultants to define and de-risk the prospect is almost complete.
.....................................................

6 February 2012

PERMIAN BASIN PROJECT UPDATE

SRH-1 well is having a new down hole pump installed to accommodate the rich gas being produced.
It is expected to return to production this week.
SRH-2 well is unloading frac fluid along with oil, gas and formation water. A gas pipeline has been
installed. The well is currently averaging a little over 100 BBL of oil per day and 125 MCF of Gas for
the last week. The gas is selling for over US$7 per MCF and the oil is sold at WTI less transportation.
We are also planning a pump change out on this well to enhance production and deal with the high
gas content in the oil, so as to increase the fluid production.
SRH-3 well is currently undergoing a seven stage hydraulic fracture stimulation program. We are
including two additional intervals in this well versus the first two wells in order to test their productive capabilities. The actual fracturing has now been successfully completed with drilling out plugs and clean out commencing this week.
SRH-4 well has been successfully completed to a depth of 9,454 feet. A new bottom hole interval
(Strawn) has been drilled in this well and a separate hydraulic fracture program has been completed in this lower interval as part of the SRH-3 well stimulation program. Flow testing this interval separately will determine if it is a candidate for horizontal drilling similar to the Wolfcamp interval.
Other oil companies in the area are also testing the Strawn interval for possible horizontal drilling.
Once sufficient information is gathered on the Strawn, the remaining frac stages will be added over
the balance on the known productive intervals.
SRH-5H well, our first horizontal well is completing its planning phase. Locations have been identified and surveys started. A “sleeve” fracture stimulation program is being reviewed with Haliburton.
The Company has been approached by another drilling company in the area who is in the process of
preparing for a 3-D seismic program that would encompass our leasehold in Reagan County where
most of our acreage is located. 3-D seismic would enhance our capabilities in designing an extended
horizontal drilling program especially over the new intervals outside the Wolfcamp. By participating in a larger seismic shoot, the cost to the Company would be substantially less than if we initiated our
own.
......................................................................

February 23, 2012

SRH-1 Well is being prepared for a new bottom
hole pump configuration to deal with the gas
locking occurring from the existing equipment.
Gas locking is due to excess gas releasing from
the oil as it flows up the well bore and pressures
decline. It is not an unusual event with high
gravity oil over a large open interval as seen in
our producing wells. Adjusting production
equipment in new multi stage fracture stimulated
wells is a common sequence in the start-up of a
major multi well development program. It is
important for us to test various alternatives to
maximize long term production.
SRH-2 Well is currently having its bottom
hole pump configuration replaced for the
same gas locking reasons that is being
experienced in the SRH-1 Well.
SRH-3 Well is on production with the new pumping configuration and is working effectively.
Approximately 20% of the frac fluid has been produced and oil has already broken thru with 10% of
the total fluid production being oil. It normally takes over 40% of the frac fluid to be produced before
oil begins to flow. It is believe the new pumping unit and our latest frac program is contributing to
the earlier oil results.
SRH-4 Well is waiting on the SRH-1 and SRH-2 to have their pumping units replaced before going
into production testing of the new deep Strawn formation not drilled or tested in the other three
wells. The Strawn formation is hydrocarbon charged as gas and condensate have flowed to surface
while undergoing the original well completion.
SRH-5H Well, our first horizontal well, continues to progress the necessary planning. The initial
location has been determined and survey completed. Part of the planning process is to investigate the
most successful fracture stimulation programs for the Wolfcamp interval being planned. In addition,
new technologies recently introduced in the Permian Basin and Eagleford trends with excellent
performances are being reviewed for their applications to our area.
3-D Seismic. GGP is negotiating participation in a new 3-D seismic program that will cover our
leasehold in Reagan county where most of our acreage is located. 3-D seismic would enhance our
capabilities in designing an extended horizontal drilling program especially over the new intervals
outside the Wolfcamp. We believe that the current leasehold position could contain three intervals
(not one interval) that can be horizontally drilled and fracture stimulated. This assessment increases
the potential of the current acreage “threefold” over our original estimates. The cost for participating
in an ongoing seismic program by another operator is two thirds less than initiating our own seismic
program.
Project Partnering. GGP has been in discussions with other oil and industry related companies
interested in partnering with us in the development of our acreage position which now appears to
represent a project several times larger than originally estimated. A partner in this project would
provide the added capital to take advantage of the multiple intervals that have the potential for
horizontal drilling. It would also accelerate the development program to GGP’s financial benefit.
New Permian Basin and Acreage Close By. GGP is examining other acreage positions in the
Permian Basin close by where we can diversify and leverage our position based on the knowledge
acquired both from a geologic and engineering standpoint. There have been several acquisition
proposals presented and we are currently negotiating with other interested parties.


WHY THE SUPPOSED SILENCE FROM HERE??????????????????????

All this looks EXTREMELY PROMISING on paper.