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: info@ggpl.com.au
Website: http://www.ggpl.com.au
Address
566 Elizabeth Street, MELBOURNE, VIC, Australia, 3000

Media Releases see all media releases

Golden Gate Petroleum Ltd, Activities Report for Quarter Ended 30 June 2012
31 Jul,2012 02:11 PM

Highlights

Eagle Ford Shale Development
- Cutlass West A#1 spudded on 29 April 2012 and reached TVD and then the lateral section was drilled. The well is expected to undergo fracture stimulation in late September.

- Cutlass East #1 well is currently at 9,203 feet TVD and taking its sixth core as it gathers important data for the horizontal drilling program.

Bowtie West Project
- Sugar Valley #1 well was completed and initial IP test rates were up to 3.2 million cubic feet per day of gas and 31.2 bbls per day of high gravity oil.

Permian Basin Project
- Testing phase of the first four wells has been completed. Two wells are on production and two wells have been prepared for a further 4 to 5 stage fracture stimulation program.

- Planning for the first horizontal well has been completed, permit submitted and drilling is expected subject to rig availability is to commence in September 2012.

Corporate
- During the quarter the Company raised a total of AU$2.3 million.

- Cash balance as at 30 June 2012 was AU$ 3.0 million.


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