R15 & all, Desiree was the same once they got to the target zone. I think they would also be gathering good intel on geology etc for the next 2 wells planned, particularly the deeper zones. Good to see no problems, once to TD we would need to put casing, pull out of hole, release rig, install Xmas tree and wait for completion rig before flow testing if successful. In the meantime anytime could get ann on findings from logging done.
Other news possible this month are West Klondike and the Annual accounts then next month quarterly which should show higher cash building from the current producers. At 1.5c EV is now $7.7m (ie. MC - WC) which is $41k/boed (still half the $90k / boed benchmark) and the EV / EBITDA is 2.2 which is low compared to any imo.
Cheers & GLTA
News: Grand Gulf Energy hits oil and gas at Louisiana oil well, page-45
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