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  • Golden Gate Petroleum To Production Test Louisiana Oil Well 0 comments
    May 23, 2013 2:43 AM

    Golden Gate Petroleum (ASX: GGP) will soon participate in production testing of the Hensarling-1 well in the Napoleonville Project, Louisiana.

    A workover rig is scheduled to arrive today to run the completion operation and commence production testing from the Cris R III sands, which has 49 feet of net oil pay.

    Another 31 feet of net pay was intersected in the Cris R II sands.

    Hansarling-1 has post drill Reserves estimate of 952,000 barrels of oil and 400 million cubic feet of gas in the Cris R II & III sands.

    Partner Grand Gulf Energy (ASX: GGE) expects the well to be placed on production within 3-6 months from completion.

    Golden Gate has a 3.99% working interest in Hansarling-1.

    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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