GDN 0.00% 1.7¢ golden state resources limited

my wisdom, page-2

  1. 254 Posts.
    Rubes, according to the hYsterical brigade, there is distinctly two reasons they foam at the mouth about GDN prospects.

    FIRST: Management is incompetent because of their failure to produce gas from the first two wells. I responded by saying that maybe GDN were smarter than evrybody thought, I suggested maybe they had orchestrated the show to get Eclipse out, which would paint them as smart v incompetent. SO if they were in charge of locating and determining configuration of the wells, my theory definitely holds up. But let's say I'm wrong and Eclipse was in charge, which I do not think is correct, then GDN have no case to answer regarding their competence in this matter. Either way the argument that GDN management is incompetent because of their record on the first two wells has lost it's oomph!

    SECOND: Now that the question of the competence of GDN management has been has been cleared up somewhat, the next is GAS. Giving Janti's claim that this is the first well where GDN managment is actually in charge together with his stirling record on predicting gas flows - where BUR was supposed to know how to professionally drill a well and made GDN look like amateurs - we all know how that one turned out! - I think we are on to a winner!

    It sure looks to me that this well will produce commercial gas BUT, even if by some chance it falls short - only 16ft of pay zones of 110ft+ have been tested, with the most promising prospects to come - WE ARE ON A WINNER!!!
 
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