GGP 0.00% 0.6¢ golden gate petroleum ltd

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  1. 1,829 Posts.
    What does GGP have now?

    -Some island that cannot be developed due to partner bankruptcy.
    -Unpoven and doubtful FP prospect.
    -Dropping rates from Bulleye. Not even 250 BOPD total.
    -80 BOEPD average flow from SV. Regardless of quality of oil, 80 is just not good enough. Did I mention water issue?
    -No idea whats going on with Bowie.
    -Some dusters and blow out at NV, some should produce at insignificant 15%.
    -5mil Cash

    Worth this 18mil MC?
 
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