GGE 0.00% 0.3¢ grand gulf energy limited

Ann: GGE Sep 18 Quarterly Activities and Cashflow Report, page-54

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    Then this, and remind them of the low cap....
    " • Acquisition of DJ Basin Acreage – The Company secured a land position in the DJ Basin, Colorado,
    USA with the potential to deliver 7% - 25%WI in up to 8 Drilling Units with up to 64 wells.
    • Eagle Ford Acreage (50% WI) – GGE commenced marketing drilling opportunities on its 1,075 gross
    acres in the highly productive, liquids rich, Eagle Ford acreage.
    • Desiree Field (39.6% WI) – The well produced a total of 10,914 bbls of oil during the September
    quarter with production reduced due to 20 days of down time associated with a well repairs. The
    well is presently averaging 155 bopd.
    • Dugas & Leblanc #3 Field (55.5% WI) – The well produced a total of 5,517 bbls of oil during the
    September quarter. The well averaged rate was 61 bopd.
    • Net Cash Reserves increased by $600,000 for the Quarter to $2.3 million.
 
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