GGP 0.00% 0.6¢ golden gate petroleum ltd

silverwood, page-4

  1. 2,083 Posts.
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    I know they still need to increase the choke but I don't think the market will be falling over themselves with the result.

    This was the expectation set for Vicksburg:

    "The potential oil resource of the Vicksburg Sand objective is estimated at 2.7 million barrels of oil and 2.7
    billion cubic feet of gas. Average cumulative production per well is around 211,000 barrels of oil and 0.2
    billion cubic feet of gas. Initial flow rates are planned to be around the 200+ barrels of oil per day level,
    although the over pressure environment may significantly increase initial flow rates."

    This is what was delivered to date:

    "Initial daily production rate has been recorded at 93 barrels per day of high quality 44 gravity oil and
    approximately 100,000 cubic feet of gas per day through a 7/64 inch choke size with over 2100 psi of surface
    tubing pressures. The well is also producing some water."
 
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