GGE 25.0% 0.3¢ grand gulf energy limited

R15, I spent a bit of time a while back looking at Directional...

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    R15, I spent a bit of time a while back looking at Directional Drilling as our numbers are so predictable it's almost boring particularly without the drilling plan. If we look at similar Salt dome developments we can pretty much work out a game plan here. Even the N/Wind stuff in Bayou Choctaw is very similar to what the coy announced in the 2008 presentation. Hackbery field and what Gulfport are doing looks similar also and probably provides a good framework to follow also.

    This picture compares Desiree with Hackbery (Cameron Parish), it's the same area and gives an idea of how theses single pads can work and what is possible with planning. Remember we have multiple producing sands and when we consider how slow Abita results have been moving up the sands from bottom to top to produce it would make sense to just do another well or sidetrack and get the cash quicker then the drilling basically feeds itself. Long term I think the deeper wells are in the plan and we will probably have another go at the Cris V. Everything is in place now but just takes time. Permits will come and we should also keep an eye out on the expired ones in S33,34
    Behave tonight,
    Cheers




 
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