While I am sure there is gas down there, the US gas market has plummeted in the last few days, and that too has triggerred a massive sell off.
Not testing Leadville and with 6% porosity, the well isn't ever going to produce at 50 mmcf/day, like some other fields.
With gas prices so low, the field may not be commercially viable or marginal.
The commercial viability of the field is yet to be answered.
Unfortunately the global financial crisis could put this project on ice too.
- Forums
- ASX - By Stock
- GDN
- excellent confirmed large gas resource
excellent confirmed large gas resource, page-12
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GDN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online