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Golden Gate Petroleum updates U.S. oil and gas production


Golden Gate Petroleum (ASXL GGP) has produced 1,011 barrels of oil and 5 million cubic feet of gas from its Permian Project in Texas in the two weeks to 15 January 2014.

It also received 190 barrels of oil from its share of the Napoleonville Project and 4bbl of oil and 438,000 cubic feet of gas from the Bowtie West Project.

The company had produced 1,376 of oil and almost 4 million cubic feet of gas in the two weeks to 31 December 2013 at the Permian Project.

The Dugas & Leblanc-3 well remains shut in for the installation of a new jet pump. It is expected to recommence production this week.


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