Golden Gate sells interest

GOLDEN Gate Petroleum has announced the sale of a 10% working interest in the Cutlass Project in the Eagle Ford shale in Texas for $US1.7 million ($A1.6 million), less any outstanding expenses.

Golden Gate sells interest Golden Gate sells interest Golden Gate sells interest Golden Gate sells interest Golden Gate sells interest

Golden Gate will sell the interest to an existing partner in the project with the sale price representing the capital spent to date on the drilling and partial completion of the project's two wells

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