GGE 0.00% 0.3¢ grand gulf energy limited

Apologies. Desiree field. Currently pumping at 175bopd from Cris...

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  1. 4,784 Posts.
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    Apologies. Desiree field. Currently pumping at 175bopd from Cris 3 interval and anticipated to continue to do so for another two years. after that they'll move up to cris 2 interval where it's anticipated to pump at 400 bopd for first two years before water cut increasing for many years after.

    Based on ownership of 40% , and assuming 400 bopd in lieu of 175 , thats an addiitonal $800k revenue per qtr to GGE or annualised $3.2m with majority straight to bottom line.

    Only going to take a new well for a strong rerate from this solid base imo.
 
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