GGE 0.00% 0.3¢ grand gulf energy limited

Hap, I don't think there is a salt dome on that one which would...

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  1. 1,562 Posts.
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    Hap, I don't think there is a salt dome on that one which would probably  mean it is pre salt at 17kft. There is a deep salt basin that goes from Texas across Louisiana and the productive sands vary but are present across that region. see map below: Source: Salt Dome Locations

    Salt Domes.jpg

    If we use those costs in their announcement as a guide, 25% WI is $1.6m which gives rough total drill cost of US$6.4m with completion an extra $3.4m so we can store that info for another day.
    As always my opinion only
    Have a good W'end
    Cheers
 
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