GGE 25.0% 0.3¢ grand gulf energy limited

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

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,562 Posts.
    lightbulb Created with Sketch. 6
    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
 
watchlist Created with Sketch. Add GGE (ASX) to my watchlist
(20min delay)
Last
0.3¢
Change
0.001(25.0%)
Mkt cap ! $9.380M
Open High Low Value Volume
0.3¢ 0.3¢ 0.3¢ $300 119.9K

Buyers (Bids)

No. Vol. Price($)
28 28918674 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 6066692 4
View Market Depth
Last trade - 10.36am 28/11/2024 (20 minute delay) ?
GGE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.