GGP 0.00% 0.6¢ golden gate petroleum ltd

srh 5h update, page-8

  1. 8,844 Posts.
    lightbulb Created with Sketch. 582

    Hi acreage,

    Powered up now after having no power all day. Yes this is great positive news and things are looking a little brighter than better. Time it will take but in the end we will get there but at what cost.

    The sooner #5 produces and all the other tidbits like the 4 PBs, Bowtie and the 2 EFS are producing at full capacity then the better the balance books will look again and add very much needed revenue to the kitty and then to supplement the next well. This way it will be less to borrow for the next well but it is getting closer to the self funding stage.

    As for the 2 wells the company has told us in updates that are supposed to be horis then I take the word of the company as they should KNOW what went in. As for what the APIs are stating maybe one was changed from a vert to the hori and the online system takes so long to update itself.

    Same as the PB wells on the rrc.tx gis program no well production has been recorded against any of them.
 
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.