GDN 0.00% 1.7¢ golden state resources limited

general update, page-14

  1. 4,867 Posts.
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    Personally I'm comfortable with my large holding of shares and options. Admittingly I have bought and sold to purchase a load and near free carried position. There's gas there in Ismay for sure and PB#3 will tap it. Good idea to use the location of PB#1 to drill from as the permitting under state rules will be largely simplified and very quick. Lets face it first two wells were wildcat testing zones and extensions. Leadville deep drilling is just too expensive for current returns. Ismay will be a 5th of the cost. Yes newbies to GDN be careful. I have been in GDN since before first well drilled.
 
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