GDN 0.00% 1.7¢ golden state resources limited

Ann: Quarterly Activities Report , page-12

  1. 4,289 Posts.
    Info, don't tell me you doubt the validity of the following director statements from last year? Surely not! See if you can pick anything in the following statements that deserve to be doubted.

    "The gas is dry and sweet and requires minimal processing to meet the pipe specification."

    "Williams gas pipelines have initially responded that the tap could be established early in 2011."

    "In the recent letter to shareholders, the company announced its intention to deal with the preliminaries which are required to facilitate the connection to the Williams pipeline at the earliest practical opportunity, which was indicated as February 2011"

    "The tendering process is expected to continue until the 2nd week of October. Although it is not appropriate to reveal specific details or costs of the various proposals while the tendering process is underway, it is envisaged that the project can be completed on time and well within budgeted figures."

    "The application for Right Of Way (ROW) to facilitate the pipeline was dependent on recognition by the Bureau of Land Management (BLM), that the Golden Eagle Gas Field is capable of commercial production. The directors are delighted that this has been achieved."

    "When all other matters have been completed, it is envisaged that the actual construction of the pipeline and placement of the permanent gas processing plant will be completed within one month. The company continues to ensure that all preliminaries are attended to in order to meet the earliest practical commencement of construction. The company will provide regular updates to shareholders throughout the tendering, approval and implementation phases."

    My guess is that all this has now been arranged and the next announcement will read - "Production has commenced and we are currently pumping 2 mill plus of gas into the williams pipeline as promised per well. Due to a problem with our telegraph line from office we have been unable to provide updates until now. We will now start a new era of clear and concise communication with our shareholder."

    LOL

    B Rubes
 
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