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
GOLDEN GATE PETROLEUM, UPDATE ON PERMIAN BASIN PROJECT
24 Jan,2012 08:24 AM

SRH-1 (6H) WELL HAS GAS PIPELINE INSTALLED PLUS ADDING PERFORATIONS. EXPECTED TO GO ON PRODUCTION THIS WEEK. CONDENSATE RICH GAS SELLS FOR OVER US$7 PER MCF.

SRH-2 (8A) WELL UNLOADING FRAC FLUID. OIL HAS BROKEN THRU. CURRENTLY PRODUCING OIL AT A 109 BBL PER DAY RATE AND INCREASING. GAS PIPELINE BEING INSTALLED THIS WEEK.

SRH-3 (9M) WELL SUCCESSFULLY COMPLETED TO A DEPTH OF 9,454 FEET. CONDUCTING REMEDIAL CEMENT WORK IN PREPARATION FOR FRACTURE STIMULATION AT MONTH END (SOME DELAY IN FRACING DUE TO SEVERE WEATHER).

SRH-4 (9E) WELL HAS BEEN SUCCESSFULLY COMPLETED TO A DEPTH OF 9,454 FEET. A NEW BOTTOM HOLE INTERVAL (STRAWN) WILL BE TESTED IN THIS UP DIP WELL PRIOR TO FRACTURE STIMULATION.

SRH-5H WELL, OUR FIRST HORIZONTAL WELL IS COMPLETING PLANNING PHASE. LOCATIONS AND RIG HAVE BEEN IDENTIFIED. NEW “SLEEVE” FRACTURE STIMULATION PROGRAM BEING REVIEWED WITH HALLIBURTON. SPUD DATE EXPECTED LATE FEBRUARY.

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.


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