Goodrich Petroleum Corporation (GDP-NYSE) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: William JH who wrote (7)	10/29/1997 10:23:00 AM
From: richard badauskas	Read Replies (2) of 12

Goodrich announced good flows from two wells in TX & LA for a total to GDP of 94 bpd oil and a small amount of condensate and 400,000 cfpd of gas. My calculations at $20 oil and $3.00 gas gives an additional $1.66M in annual revenues. The Kings Ridge well is waiting on a permit for testing oil and gas flows. I called the company and they said that the permit process probably means that testing will take place at the earliest in early December. This mornings results may add around 2 cents a share in free annual cash flow if we assume 50% of revenues goes in costs and interest. 2 cents x8 adds 16 cents in value per share. this one is getting very interesting.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next