Highlights
Reserves Study
- 5.0 million BOE P1 & P2 of Reserves from Spraberry-Dean formation in Permian project leaseholds.
Permian Project
- SRH -5H Drilled and Completed awaiting fracture stimulation program in February 2013.
- SRH–1 & SRH-2 to go on production from Cline & Wolfcamp Intervals.
Bowtie West Project
- Sugar Valley #1 well commenced production 12 December 2012.
Napoleonville Project
- Hensarling #1 well completed and ready for testing. Post drill estimated resources of 952,000 bbls of oil and 0.4BCFG. GGP has a 3.99% WI.
Corporate
- Cash balance as at 31 December 2012 was AU$1.0 million.
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