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 June, 2013.
Drilling and Completion Update
(1) Permian Project, Texas (GGP: Operator and 100% WI)
- SRH #1 Well: On production.
- SRH #2 Well: On production.
- SRH #3 Well: On production.
- SRH #4 Well: On production.
- SRH #5 Horizontal Well: Gas lift system is being started up.
- SRH #6 Well: The well commenced drilling operations on 8 June 2013. Updates are being provided separately.
(2) Bowtie West Project, Project (Matagorda County)
- Sugar Valley #1 Well (GGP: 12% WI; Non-Operator): On production.
(3) Napoleonville Project, Louisiana (Assumption Parish)
- Napoleonville Hensarling #1 Well (GGP: 3.99% WI; Non-Operator): The well flowed at rates of 370 bbls per day, 70 mcf/d gas and minimal water with 262 psi flowing WHP unassisted from the Cris R III sand. The Hensarling #1 well will be shut in for 3 to 6 months while production facilities are installed on site. The well will produce from the reserves of the Cris R III, following which, the overlying Cris R II will be perforated for production.
For further information please download PDF below:
