Media ReleasesGrand Gulf Energy Limited

View All Grand Gulf Energy Limited News


Grand Gulf Energy Limited (ASX: GGE) Dugas Leblanc no 3 Successful Casing

Napoleonville Dugas & Leblanc #3 Well, Assumption Parish, Louisiana, Non Operator 39.5% WI
 
The Dugas & Leblanc #3 well spudded on 16 April 2011 and reached TVD of 8,000ft (TD 8,920ft) on  Saturday, 30 April 2011. The well encountered gas shows through all primary intervals whilst drilling and a  further show was identified in a potential new "S" sand structure.
 
 The Board is pleased to advise that casing was successfully run to the bottom of the "S" sand at a TD of  8,503 ft. The casing was cemented and evaluation logs will be run in the next 24 hrs. A testing program is  due to commence within a week utilising a 24hr completion rig. Due to the proximity of the well to the  currently producing D&L#2, the well can be put on production in a very short period of time
Download this document

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.