GGP 0.00% 0.6¢ golden gate petroleum ltd

ScottportThks for info on Sonris date and depth - all very...

  1. 874 Posts.
    Scottport

    Thks for info on Sonris date and depth - all very simple when you know how.

    Have found a bit more info on Scout Report terminology - for those interested try this link:
    http://sonris-www.dnr.state.la.us/www_root/sonris_portal_1.htm

    This gives "Well Status "05" as meaning "Drilling (New drill/Re-entry/Re-Permit)" - presumeably shows drilling ahead?
    Also "SXS" = sacks - could not find anything on "M&P" - may mean 446 sacks of some media was used to "plug?" the washout???

    Since there has been no Ann. from GGP, can we assume that drilling has recommenced and it is business as usual?

    Although an "informed decision" cannot be made on the info available - because of the upcoming wells IMO this is still at least a HOLD.




 
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.