GDN 0.00% 1.7¢ golden state resources limited

crazy days?, page-8

  1. 642 Posts.
    that is the estimate for the first well, the 2nd well hasnt been estimated yet but since better results were found in the upper sections including a new formation its likely the reserves will increase plus can also double those reserves if they increase the land area to 1280 acres as it currently was only for 640 acres and the golden eagle structure is 4940 acres but cant give an estimate over the full area until proven gas is found over the full acerage which will take several more wells to drill. If they double the area after testing this well will see around 140bcf or higher but thats only if they double the land arrea.
 
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