FAUSSE POINT SECOND GAS SHOW |
The Board of Golden Gate Petroleum Ltd (ASX:GGP) is pleased to advise the T.G.R.. Land Company, Inc #1 well at Fausse Point is presently at a depth of 8,100 ft and drilling ahead.
The well has recorded its second significant gas show at around 8,010 ft. The well circulated high levels of gas cut mud and the mud weight has been increased on several occasions after 4,000 to 6,000 unit gas shows were recorded in what appears to be the initial sections of the primary target interval. Drilling rates have been slowed as the high levels of gas are being circulated to surface and mud weights increased to
control the well and safely keep drilling through this highly gas charged interval.
The well spudded on Saturday 5 December 2009. The well is expected to take up to another 3 to 4 days to reach its targeted depth and electric logs will be run over the open hole.
The first gas show recorded and logged at 7,000 ft is now safely behind 7 inch casing set at 7,671 feet. The casing was pressure tested and then the shoe was drilled out. A satisfactory formation integrity test at the shoe was performed prior to drilling ahead.
To view the full announcement, as well as additional information on the Company, please click on the link below:
http://www.ggpl.com.au
On behalf of the Board of Directors
For further information contact:
Golden Gate is an independent oil and gas exploration and production company listed on the Australian Stock Exchange. Its focus of operations is onshore Texas and Louisiana Gulf Coast region of the USA.
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