GGP 0.00% 0.6¢ golden gate petroleum ltd

This is what Mark Freeman (a then Director at GGP) wrote about...

  1. 52 Posts.
    This is what Mark Freeman (a then Director at GGP) wrote about Wilson in December last year.


    'With the increase in water and reduction in production along with the reduction in well pressure resulting in limited reservoir potential the Company also completely wrote off the well in the 2008 accounts.

    The may be a possibility to get the well back on production, but the potential to extract significant hydrocarbons from the well is unlikely.

    The production from this well was significant less than expected and as a result the economics behind drilling further appraisal wells are not present'





    So my point remains why mention it ???
 
watchlist Created with Sketch. Add GGP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.