viewNew Energy Minerals Ltd

Golden Gate Petroleum increases oil production from Permian Project in Texas


Golden Gate Petroleum (ASX: GGP) shares will rise today after it increased oil and gas production from two of its Permian Project wells in Texas and has brought its SRH-5H horizontal well back on production after a reconfigured compressor was installed.

It noted that production at SRH-5H is running above previous levels.

The SRH-3 and SRH-4 wells produced at an average rate of 30.9 barrels of oil equivalent (boe) and 46.3boe per day during the two week period starting 1 September 2013 following the completion of works.

This compares with average daily production ranging from 18.5boe to 19.1boe for SRH-3 and 22.6boe and 28.5bpe for SRH-4 between 16 July 2013 and 15 August 2013.

Total average daily production for the latest two week period is 138boe.


While the higher production rates at SRH-5H have not been reflected in the latest report,  this along with improvements at the Hensarling-1 well in Louisiana are expected to provide a substantial improvement in production in the next two week period starting 16 September.


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.

Quick facts: New Energy Minerals Ltd

Price: 0.007 AUD

Market: ASX
Market Cap: $1.2 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of New Energy Minerals Ltd named herein, including the promotion by the Company of New Energy Minerals Ltd in any Content on the Site, the Company...



Mustang Resources shifts focus to graphite and vanadium

Vanadium is another metal that has in the past received little attention but has undergone a huge price surge over the past two years, as China tightens its standards around the strength of steel and the battery revolution continues. Mustang Resources (ASX: MUS) is an Australian listed...

on 26/7/18

2 min read