GGE 20.0% 0.2¢ grand gulf energy limited

where next, page-103

  1. 1,562 Posts.
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    R15, numbers have been solid for a while now which has been comforting to me given the general O&G sentiment over the past year.

    The info from the recent GGP ann was interesting and I think likely that the results achieved from Desiree Jet Pump installation would have influenced the decision

    Extract: "Dugas & Leblanc #3 well production is down from previous periods due to production ceasing whilst a new jet pump is being installed".

    The financial accounts told us remaining oil was circa 89MBO and 233.5 MCF



    Possible outcomes:
    - Stabilise and maintain existing production or,
    - Increase current production

    From the Sonris we can see how production has been going so I will be watching production rates post Jet Pump installation as perhaps we will deplete reserves quicker and attempt sidetrack to the "gas cap" mentioned above sooner than otherwise??.



    PS: Liked your "Silence is Golden" - you should add but watching with interest

    Cheers, Opinion only and Bw to all
 
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