Goodrich Petroleum Corporation (GDP-NYSE) Message Board

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Gold/Mining/Energy : Goodrich Petroleum Corporation (GDP-NYSE)

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To: Benny Freeman who wrote (2)	10/15/1997 8:21:00 AM
From: richard badauskas	of 12

GDP has recently completed a series of wells in Louisiana and East Texas as follows (1) Lake Raccourci Field, LA 3258 #2 flowed 5.7 mill. cubic feet & 29 bpd oil- 21% interest (2) Marhol Field TX 109A #1 flowed 180 bpd oil - 21% interest (3) Midway Field TX Hutto#5 flowed 40 bpd - 100% interest. JV parner First Australia Resources (will have more details on this very interesting Australian wildcatter later) also reports a new field discovery at Goldfinger in Dawson County TX with GDP interest 35-50%? strong gas blow and oil at 84.5 barrels in one hour over 59 feet with more drilling and testing to follow. (4) Lake Long well in Lafourche Parish, LA. 200 feet of gas and oil bearing sand in three zones, watch for testing, I understand that the structure covers several hundred square acres. With a 50% interest this sounds like a major find for a small company, watch for flow rate reports, we may be able to guesstimate 1000-3000 bpd range on oil alone. THIS IS MY SPEC GUESS, WATCH THE STOCK, IF MY GUESS IS RIGHT WE WILL SEE THIS STOCK FLY.

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