Ahead of Oil Barrel today – GKP have issued a new presentation for investors.
BB and AB-2 have been identified for March rig/spuds. This means we could effectively have 4 x wells being drilled at the same time. There are not many companies out there with such an active and transformational drill program. But GKP’s strategy is to firm up the assets fast as the biggest threat to them is an early takeover at an SP which really wouldn’t reflect the true company potential/worth. It’s a race against time.
Also another key point is that it looks like an additional 40KM square closure has been identified in the north of block of the eastern extension of Behr Bahr structure! That could be very significant.
More news/updates to follow via investors thoughts/opinions from the Oil Barrel Conference this morning.