"As a result of the encouraging shows Golden State has commenced planning for completion and testing. Additional 5 completion casing has been sourced. The forward plan is to drill to total depth then conduct an extensive logging programme which includes borehole imaging, nuclear magnetic resonance as well as a complete suite of conventional logging tools. The logs will be processed and interpreted prior to running 5 production casing.. At which time Unit rig 234 will be stacked on location pending the sidetracking of Paradox Basin #1. Data from the well will then be provided to our advisors RPS Energy to design and recommend on the completion, testing and stimulation programme."
Demonstrates they are being very professional about this well and doing all the necessary tests before running the casing. How could anyone say management is acting in any other way than highly competent.
GDN Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
