GGE 0.00% 0.3¢ grand gulf energy limited

vermilion river

  1. 650 Posts.
    I like this bit,

    Initial well is targeting the most northerly of three prospective fault blocks with multiple objectives (Het 1A, 1, 2A and 2). The most likely resource potential of the initial fault block assumes 100ft of pay over 545 acres and is estimated to be 110BCFG with 3.3MMBC (upside potential of 185BCFG and 5.5MMBC). If successful, the project offers substantial cash flow, long life reserves which will have a substantial impact on the company with additional reserve potential in the southerly fault blocks.
 
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