GGP 0.00% 0.6¢ golden gate petroleum ltd

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  1. 1,038 Posts.
    Hey oscar. I think what Motors is referring to is the comment on page 2 in the Permian presso of;

    "Compelling economics and terms - potential oil in place value - over 10 times current GGP market cap".

    First mention of their guestimates for the resource. Great. But also mention to temper this;

    "Revised reserve assessment needed to confirm approx. 4 million bbl of P1 reserves currently pre-drilling over leasehold".

    So may be using more of their new seismic project??

    This "10 times" is referring to Permian leases only, not Nap, FP, Bowtie, Padre, etc, etc.

    Will take a little while to get to solid production in the Permian, but FINALLY, after being stopped out twice and watching all these years, I might find some profit with GGP this year? lol. Best chance I've seen.

    Don't expect SP rises and results overnight, will rise with drill results and bopd's this time, not speculation. My opinion only.

    Mug.
 
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