Golden Gate Petroleum Limited (ASX:GGP) (“Golden Gate” or the “Company”) provides the following production and drilling update from the Company’s projects for the two-week period, 1st to 15th January, 2013. A similar report will be provided every two weeks.
Notes:
(1) The period is from 1st to 15th January, 2013.
(2) The SRH #3 and #4 wells have been on and off production for extended periods since completion in order to run various testing programs, to conduct new fracture stimulation, to isolate intervals and to change out production equipment. These figures are production volumes for oil, gas and gas liquids. Gas and gas liquids are sold as wet gas and priced accordingly. Approximately 80% of volumes are oil.
(3) These figures represent GGP’s 15% working interest share of oil and dry gas production.
(4) These figures represent GGP’s 12% working interest share of oil and dry gas production.
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