The Board of Golden Gate Petroleum Ltd (ASX: GGP) advises that the Richardson #1 Well has reached a
depth of 5,868 feet, with a target depth of 9,500 feet and is currently drilling ahead. The well is several days
behind schedule due to the recent tropical storm hitting the Gulf of Mexico mandating the rig cease drilling
operations. In addition, the rig encountered mechanical difficulties due to a break in the drill string which has
further delayed progress. These delays and related costs have not been incurred by the working interest partners.
In addition, there is no direct impact on the well except the time delay caused by the equipment failure.
- Forums
- ASX - By Stock
- richardson 1 status
The Board of Golden Gate Petroleum Ltd (ASX: GGP) advises that...
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GGP (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online