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
GGP Permian Basin Project Update
23 Feb,2012 11:39 AM

 

Golden Gate Petroleum Ltd (ASX:GGP) is pleased to provide an update of operational activities in our Permian Basin Project located in Reagan County, Texas. 

SRH-1 Well is being prepared for a new bottom hole pump configuration to deal with the gas locking occurring from the existing equipment. Gas locking is due to excess gas releasing from the oil as it flows up the well bore and pressures decline. It is not an unusual event with high gravity oil over a large open interval as seen in our producing wells. Adjusting production equipment in new multi stage fracture stimulated wells is a common sequence in the start-up of a major multi well development program. It is important for us to test various alternatives to maximize long term production. 

Please download the full release below.