GGP 0.00% 0.6¢ golden gate petroleum ltd

what are they spending the cr money on?, page-93

  1. 3,043 Posts.
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    Hi Whiskey, the Sidi Dhahler result might just about finish off VIL. I wouldn't mind if we picked up Faussie Point out of the ashes with a view to doing the sidetrack ourselves. I know it would be a stretch to drill it this calender year but I think it would make an exciting asset for GGP considering the work done already.

    Back to where ADX (And partners) failed, I can't see us taking a hit like that drilling in the PB, ever. Our two main problems are,
    1. lack of money to drill the wells (Soon to be sorted?) 2. a sinking oil price.

    Otherwise we are in paradise...compared to some.
 
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