GDN 0.00% 1.7¢ golden state resources limited

excellent confirmed large gas resource, page-12

  1. 2,913 Posts.
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    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.

 
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