GGP 0.00% 0.6¢ golden gate petroleum ltd

positive news, page-87

  1. 10,932 Posts.
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    No interest in doing the extrapolation EMC.

    If one were to be interested in the following GGP, what should be of interest is whether or not the wells are producing above or below the expected type curve.

    What is being shown in the production report is not terribly useful - because it is using a BOE factor and also because you do not know how how many days the well is on production during the period.

    Instead of showing a decline curve, a cumulative production curve for the well(s) showing total days on production and how that is performing to the type curve would be much better indication of "producing health".

    How you interpret the data is up to you - I was simply highlighting that it is really quite difficult to analyse or compare anything out of GGP production report other than the say for that period the BOE produced was "X".
 
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