napoloeonville potential

I am very excited about this stock. Spudding just commenced and expected to take approximately 2 weeks to drill.

"The Napoloeonville Salt Dome has the potential to contain 520 billion cubic feet (BCF) of gas and 4.5 million barrels of oil (MMBO) from over 60 prospects and leads which have been indentified so far from Grand Gulfs proprietary 50 square mile 3D seismic survey. The agreement with Grand Gulf includes access to the entire Napoleonville potential."

GGP who are 15% partners in the first well state this:

The GGP Board believes that Napoleonville is an exciting salt dome play with moderate to low risk, low costs
and potential for high rewards; all within an area where we have gained experience from our previous drilling
campaigns.

GGP are a great partner to have on board. ALthough GGE hold a larger (36%) stake in the first well drilling right now and a lower market cap. GGE imo is a more lucrative play;

- Very Low market cap

- Fully funded drill program for 3 wells (well #2 and #3 are classified as PUD (90% chance of becoming a producing well))

- Well #1 drilling now with the potential as a company maker for GGE with the 2 follow up wells as given. Success here will totally re-rate GGE.

- Opportunity to expand from the 3 wells to a further 5 wells in the existing area.

- Drilling in a low risk and already proven area

All the best holders.