GGP 0.00% 0.6¢ golden gate petroleum ltd

Personally I'd like to view this as a positive, but I'll also...

  1. 1,075 Posts.
    Personally I'd like to view this as a positive, but I'll also balance that with other possibilities.

    I agree, the announcement is rather similar to Fausse Point. It could mean that "there's possibly something bigger underneath, which was unexpected". That would be a positive, in the long term, but we all know what happened (or is still happening)with FP1 LOL

    Now, this could also mean that they've encountered nothing really significant in the 3 zones of interest that they'd have to dig deeper. I doubt this is the case though.

    Facts:

    * Hydrocarbon shows during drill;
    * Labelled a "discovery";
    * Latest announcement did not come with the typical phrase "we are PLEASED to advise..." LOL
 
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