Have you notice that well has potential resource of 3.6 Bcf
what an amazing resource, normally above 1 bcf is commercial.
I think GDN will drill another or even more hole if well 3 fail because that huge resourse is hard to see in the wholeworld now.
Base on the fact, well 3 is on the target, as it is just beside well 1, so clearly there is no problem of finding gas.
Target deep is 10300 which is almost the same as well 1
Why SP is such below, IMO I think most sellers are stupid and just follow nervious investors. Large buyers are still holding. Not surprise few days after smart money come in
GDN price at 8c at this moment is not over price
DYOR
GDN Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held