GGP 0.00% 0.6¢ golden gate petroleum ltd

strong cash flow from bullseye

  1. 4,496 Posts.
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    This statement from announcement on 18 Jan indicates production at Bullseye to be holding up.
    The words current strong cash flow from Bullseye suggests to me that production rates are not declining as much as some of us have suggested. Have to wait and see but unless these wordings are somewhat misleading fears of a rapid or even steady decline in production rates from Bullseye seems unlikely.

    "The Fausse Point exploration project provides a high
    impact exploration opportunity with near term upside to its current planned Bowtie West project. These high impact exploration wells which are relatively low cost provide good upside for GGP when combined with the current strong cash flow from Bullseye".
 
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Currently unlisted public company.

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