GDN 0.00% 1.7¢ golden state resources limited

watchout they are coming back, page-2

  1. 5,930 Posts.
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    do you mean like background gas levels?
    I will be highly surprised if we dont achieve & surpass gas levels to PB1 given their proximity and the increased surface area due to angular drill & wider hole. The only questions in my mind are:
    (1) what will the flow rate be, given that IMO it is highly likely there will be water in it once fracced.
    (2) will the LT prospects for the SP ever be that good, considering they will require more debt or dilution to fix PB1 & PB3 & we will have to either wait for revenue to commence PB4 and so on, or fast track with even more debt or dilution.

    Perhaps PB1 could be further tested to see if they can isolate the water source & avoid fraccing into it in PB3? unless the whole zone is an underground lake

    Disclaimer, I have no expertise in gas exploration. DYOR
 
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