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Energy company, Grand Gulf Energy Limited (ASX: GGE) reported a production sales of $692,000 for the September quarter. The company produced a total of 10,751 bbls of oil from its Desiree Field during the quarter. The D&L#3 well produced a total of 7,571 barrels of oil for the quarter.

The company has highlighted that, since it completed the $1.92 million distribution of WBE shares to shareholders in the June quarter, its shares have risen from 0.5 cents to 0.9 cents representing a significant additional return to GGE shareholder.

 

 

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