Company Overview
The significant aspects of Golden Gate Petroleum are;
- Geographic Focus: Texas Gulf Coast
- Play Type Focus: Low risk, 3D supported, well-documented analogs
- Technical Focus: Exploit overlooked prospects with new technology
- Cash Flow
- History of High Exploratory Success rate
- High Value Reserves (no PSC or PSA) 40%+ to 100% working interest
- Low sovereign risk, ~70% net revenue to working interest
- Experienced Management Team
- High short-term Upside on Existing Projects
- High-rate Production, quick payout of CAPEX, low OPEX
- Short lead time from discovery to production (revenue)
- Inventory of low risk production prospects on Padre Island