GGP 0.00% 0.6¢ golden gate petroleum ltd

back on the right track 1, page-5

  1. 440 Posts.
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    Hi Hugo,

    The La Playa well is already flowing into the pipeline, if you mean how difficult is it to increase the flow, the answer is not very. It is a matter of increasing the ability of the pipeline to carry more gas then they can open up the choke more. I don't know a timeframe for this.
    Should be results on the peach well they drilled recently which had good gas shows from the logs they ran.
    From what I have been told they have secured a rig to commence the next deep La Playa well by the end of march, thats when it gets exciting.
    They will also do a placement before then to get some working capital. I imagine they will try to raise somewhere in the region of $4 mill.
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