GGE 25.0% 0.3¢ grand gulf energy limited

R15, numbers have been solid for a while now which has been...

  1. 1,562 Posts.
    lightbulb Created with Sketch. 6
    R15, numbers have been solid for a while now which has been comforting to me given the general O&G sentiment over the past year.

    The info from the recent GGP ann was interesting and I think likely that the results achieved from Desiree Jet Pump installation would have influenced the decision

    Extract: "Dugas & Leblanc #3 well production is down from previous periods due to production ceasing whilst a new jet pump is being installed".

    The financial accounts told us remaining oil was circa 89MBO and 233.5 MCF



    Possible outcomes:
    - Stabilise and maintain existing production or,
    - Increase current production

    From the Sonris we can see how production has been going so I will be watching production rates post Jet Pump installation as perhaps we will deplete reserves quicker and attempt sidetrack to the "gas cap" mentioned above sooner than otherwise??.



    PS: Liked your "Silence is Golden" - you should add but watching with interest

    Cheers, Opinion only and Bw to all
 
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 28928674 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.