Rob Time to have a look at NapvilleD&L#1 , Lively enough but we...

Rob

Time to have a look at Napville

D&L#1 , Lively enough but we all know it Failed.
Would not be on the revisit list.
Measured Depth 8161 , Code Description 29 Dry and Plugged.

D&L#2
01/03/2011 36 8556 COMPLETED 11/12/10 AS AN OIL WELL IN THE BIG HIM "N" SAND

TEMPORARILY ABANDONED WELL (due to split casing)

May be worth a revisit . Note measured depth 8556
and Well status 36 , SHUT-IN WAITING ON PIPELINE
Sounds a bit odd.

D&L#3 11/09/2011 12 8503 RECOMPLETED 10/15/11 AS A GAS WELL IN THE BIG HUM "M"
Producing .Measured depth 8503

So far all a MD of less than 8600.

Desiree 07/03/2013 36 12755 COMPLETED 6/4/13 AS A OIL WELL IN THE CRIS II RA SUA RES
Measured depth 12755
Producing

NOELIE TEMPLET 001 (AKA Louise)
02/25/2014 13000 13140
Note True Depth 13000

"The current joint venture with Petrodome expires 31 March 2014"

So what is the significance of
"The Company is working with its JV partners to complete a diligent hand over of all work completed on the Dome."

Q1 Who are the JV partners ?
The Rellies are not all in very good condition.
Needs clarification.
Q2 What happens when Petrodome leaves on 31 Mar ?
Are they going to drill Noelie Templet by then ?
Who fills that gap ?
Q3 Handover ? Who gets What ?


IP April 2013

"In December 2011 the Company entered into a
Joint Venture with a medium sized onshore
Texas company to develop and explore for
hydrocarbons at its proprietary 3D Napoleonville
Project
GGE presently has a carried interest in 2 wells
paying 17.5% to earn 21.9% WI.
The operator is required to drill the first well by
31 December 2013 (Louise) and the second well
by July 2014.
The operator has completed its time seismic
reprocessing and depth modelling (PSDM) of the
seismic and is presently developing new
prospects.
Low risk both in drilling ops and G&G.

CH##RS R15