what if

I understand there have been a lot of 'what if's' recently, but in all honesty, have a look @ their current production numbers, and what we are told is iminent in the next 3 months + any future production.

Past quarter production:
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Oil: 136 bopd (Does NOT include SRH 6H and 8A)
Gas: 644 mcfd
($340,000 net revenue)

Current production:
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Oil: 140 bopd (136bopd + 4bopd(bowtie west))
Gas: 1mmcfd (644mcfd + 384mcf(bowtie west))


Near term production estimate:
==============================
Aug & Sep fracs of Permian basin wells 1 & 2 (6H & 8A)
The IP for these wells was substantial (379bopd from 6H), but in estimating, we will be conservative)

Current: 140bopd
6H: 100 bopd + gas
8A: 100 bopd + gas
Bowtie west: Still cleaning up ++ more gas
Cutlass West A #1: 60 boepd (@ the lower estimate)
Cutlass East A #1: 60 boped (@ the lower estimate)
Gas total estimate: 1.5mmcfd

total: 460 bopd + 1.5mmcfd


Future production:
==================
5H: 600 bopd
GGP first horiztonal in permian is expected to commence drilling in September 2012.

ACADIA: 34% ggp ??

Lets assume that our PB horiztonal well, will be delayed until Dec 12. By this time, net revenue to GGP could be over $1 million per month. IMHO


Besides the spelling and grammar mistakes in the quaterly, I don't think all is DOOM and GLOOM for GGP, and now is our opportunity to take advantage of the fear, and accumalate at these low prices. IMHO.