GDN 0.00% 1.7¢ golden state resources limited

paradox basin no 2 update ..., page-20

  1. 186 Posts.
    Without the ramp, even though I had a few thumbs up from people who appreciate it being called the way it is.

    OK here is some facts.

    1 unit of gas = 1 part per million

    12 - 13 units of background gas = 12 - 13 parts per million of hydrocarbons.

    Alkali gulch is where the largest spike was in PB1 of background gas units and what do we have... 13 ppm of hydrocarbons.

    Secondly, the announcements from the company are extremely bullish and overly optimistic.

    I count about 90ft of gas pay zones from their latest announcement in their own words.

    This is extremely misleading as they do not have pay zones, they have zones which are to be targeted after drilling finishes. This is a potential pay zone. It is not 'gas pay' as they say.

    POTENTIAL which means nothing until they send down their explosive charge and hope it flows back gas.

    Now this is a post that cuts through the bull and tells it the way it is. If that is a bit too real for some people, then you are either too emotionally attached to GDN like I was in PB1 or you have alterior motives.
 
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