GGE 0.00% 0.3¢ grand gulf energy limited

Ann: GGE to recomplete second well at Pleasant Home Oilfield, page-4

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  1. 330 Posts.
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    A useful little addition to our potential, but this extract from the recent annual report is what is exciting

    “The Company believes that the Napoleonville Salt Dome continues to have substantial untapped oil and gas opportunities.
    Of significant interest to potential farm-in partners has been the opportunity to explore for oil and gas below the Cris R sands. To date there has been little exploration below these sands (which typically sit below the top of pressure at 13,000ft). Essentially the Napoleonville Salt Dome is a prolific oil and gas salt dome where the opportunity to unlock substantial reserves in the deeper Marg Vag, Miogyp, Camerina and Cib Haz resevoirs, which are highly productive in the region, with the benefit of 3D seismic is yet to be realised. In addition, there continues to be attic opportunities in younger units to extract remaining reserves. “

    Come on potential farm in partners, oil price rising and oil futures looking more assured , now is the perfect time for you to get on board.
 
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