Hi, im expecting them once completed testing to tell us an estimate of bcf from the zones they test on this well. Which should include another 5-6 zones after the ones they have already mentioned in the previous report which is planned to take 2 weeks so maybe another 2 weeks to test the other zones if they decide to test them. Plus finding out how much the 20 foot oil column could produce would be good aswell.
I think the way the market has reacted to gdn lately they might be best to release an estimate after testing the zones for the first 2 weeks and add the oil and any more gas reserves from other zones after. The market might not be patient enough to wait more than the expected 2 weeks, but if they announce a bcf estimate per zone the market will react negatively to the low numbers per zone.
Im hoping for around 300-400bcf of gas if they test other zones after the first ones mentioned so far. With 200-250bcf for the first zones they are testing at the moment. Plus hopefully a decent amount from the oil.
Since i own gdn shares, im looking at higher estimates, but dont think 250-300bcf is that high in comparison to lisbon. Based on bcf of gas they can produce from every foot of net pay they have.
They should find more gas in leadville and the other 2 formations below on the next well. Which i hope will start soon after completion now that they know they have a commercial well or atleast believe they do till testing is complete.
Just my thoughts though
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