GDN 0.00% 1.7¢ golden state resources limited

sell or hold, page-10

  1. 875 Posts.
    lightbulb Created with Sketch. 48
    Rubes,

    Have to agree with you re flow rate unable to be sustained.
    I am just one of the many who are bitterly disappointed and I dare say that R deB is also. At this stage I bet he wished he had never muttered those 'immortal words'.

    After reading and re-reading the announcement, I think they still believe that the Ismay at PB#2 has enough gas to be commercial.
    Now before too many jump up and start throwing stones, I hereby confess that I am no 'drilling tech', but for those that are, can they advise the approx costs/viability of doing the cement squeeze and refracture or possibly an ultra short radius lateral bore?

    Responses from the industry savvy would be appreciated.
 
watchlist Created with Sketch. Add GDN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.