GGP 0.00% 0.6¢ golden gate petroleum ltd

selling increases at 2.4 c may buy @1.7cents, page-47

  1. 13,554 Posts.
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    Morebull

    You maybe onto something regarding reading between the lines It was something I was thinking about last night.

    The first two wells were announced as oil and gas discoverys. I believe the reason for that is that the they both flowed oil to surface with drilling fluid, thats unusual and something that supprised them and they said that.

    To flow Oil in tight shale suggests they may have struck a pool of conventional oil in which case we could get even better flow during testing.

    The third well was not annouced as such so it is most likely a normal tight formation well that requires fraccing to get it flowing.

    Food for thought While we wait.

    Cheers Whisky

 
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