GDN 0.00% 1.7¢ golden state resources limited

who is buying my stock, page-20

  1. 1,055 Posts.
    Not meaning to interrupt your conversation here, have been in and out of GDN- sold after the U anns - have still been watching the action - hard to read all the posts though as there is a lot of rubbish posted. Anyway was having a look at the thread on SS and came across this post by Uranium Bull, would just like someones comment on it, as I dont think I have seen anyone mention this on HC - please though I could be wrong - cheers

    What has always scared the bejusus out of me with this well, is a high CO2 content.
    Utah is notorious for wells full of CO2, in fact they export the stuff for commercial purposes.
    Many wells have a mix of Methane and CO2.
    If the CO2 content is too high it cant be scrubbed economically.
    High CO2 also affects the BTU and therefore the sale price

    Now the flare.
    I don't know if we should read too much in to this
    but if you look at the photo the flame looks distinctly anaemic.
    Hardly definitive proof of anything. but the flame seems to be burning at a rather low temperature.
    Fires with excess carbon burning at high temp should be bright yellow.

    Many a well has flared off gas that was too high in CO2 to be commercial.

    CO2 wells in Utah are very very common and very few people have mentioned this as a major risk.

 
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