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  • Golden Gate Petroleum Continues To Boost Production 0 comments
    Apr 3, 2013 11:45 PM

    Golden Gate Petroleum (ASX:GGP) has boosted total production in the latest two week period ended 31 March on the back of better production across all its projects in the US.

    Total production for the two week period ended 31 March stood at 1,563.4 barrels of oil equivalent compared with 1,537.7 barrels of oil equivalent the prior two weeks.

    Individual project productions were mixed with production up with the SRH-3 well in the Permian project higher at 399.7 BoE, while SRH-4 well was down 564.6 BoE compared with compared with corresponding production of 392.9 BoE and 574.1 BoE respectively the previous reporting period.

    Production at Dugas LeBlanc-3 well in Napoleonville project was also up at 402.9 BoE, while Sugar Valley well in Bowtie West was down at 196.2 BoE.

    The SRH-1 well is shut in and the Nabors rig is on site to install a capillary tube so as to start production from combined Cline and Wolfcamp intervals that have been already fracture stimulated.

    The SRH-2 well is also being prepared for capillary tube installation.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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