US FOCUS

Golden Gate gets first reserves

GOLDEN Gate Petroleum has some numbers to put with its pitch to investors, with MHA Petroleum Consultants coming up with 5 million barrels of oil equivalent figure on GGP's projects in the Permian Basin of Texas, on a proved plus probable basis.

James McGrath

It's the first time GGP has had proved or probable reserves attributable to its project in Reagan and Irion counties in Texas, with the Spraberry-Dean Formation responsible for 268.4 Mboe proved developed...

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