Golden Gate is a focused petroleum exploration and production company with an exploration portfolio in the Gulf of Mexico and the Permian Basin containing world-class prospects.

Corporate Profile
*Built a substantial Operating capability on the Texas/Louisianna Gulf Coast.
*Production is presently coming from both Padre Island, Texas and the Bullseye Project in Lousianna.  Fausse Point is presently been completed.
*Drilled and placed on production Jumonville #1 in Sept 08. GGP has a 42.25% working interest.
*Drilled and placed on production Jumonville #2 on 30 June 2009. GGP has a 42.25% working interest.
Golden Gate Petroleum (ASX:GGP)
Company Directors
Mr Chris Ritchie (CFO, Investor Relations)
Mr Frank Brophy (Non Exec. Director)
Mr Frank Petruzzelli (Non Exec. Director)
Mr Stephen Graves (Executive Chairman, Managing Director)
Contact Information
Phone: +61 3 9349 1488
Email:
Website:

Address
566 Elizabeth Street, MELBOURNE, VIC, Australia, 3000
Media Releases
$2.1M CONVERTIBLE LOAN FINANCING
13 Jan,2012 10:15 AM

The Company is pleased to announce that it has executed agreements with sophisticated professional investors,, through Novus Capital Limited, in relation to the placement of $2.1 million in convertible loans.  These loans will convert to 42,000,000 convertible notes with a face value of $0.05, upon the refreshment of the company’s 15% placing ability under Listing Rule 7.1 or upon shareholders approving the issue of the convertible notes at a subsequent general meeting.
 
For further information please download the announcement below.