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Goodrich announced this morning that an offshore well it was drilling in Louisiana struck three pay zones for a total of 200 feet of oil bearing sands. Completion and flow tests to follow. The stock is up to 1 1/8 from 3/4 on Friday. GDP owns 50% of the property and this latest news follows on the heels of a string of succesful completions in its other areas. 41.8M shares outstanding. This looks like a very interesting play? any comments?
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