GGE 0.00% 0.3¢ grand gulf energy limited

GGE has acquired 20.4% of the high impact Boleslaw gas prospect...

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  1. 116 Posts.
    GGE has acquired 20.4% of the high impact Boleslaw gas prospect in the Kolo Licence in central Poland with best estimate unrisked Prospective Resources of 87BCF in two target sands.
     The Well spud on 11 December 2016 and is anticipated to take 24 days to drill.
     Planned TD of 1,500m and expected to cost A$2.8 million
     GGE entry cost (includes its share of drilling costs) is contributing to the earning well costs by paying $600,000 on a “ground floor” basis.
     GGE will also have a 20.4% interest in the Kolo Licence which covers 1,150 square kilometres.  Poland provides a ready market for gas at competitive prices.
     Other Partners include Prospex Oil & Gas Plc (PXOG.L:AIM)
 
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