Everything points to what you have said. The area, depth, data and indications from the company actually stating….
The drilling thus far indicates a significant gas discovery. Five target zones tested so far are considered to have the most potential for development, from the Upper Ismay to the Pinkerton Trail Formation (5,600 feet of section).
The temptation to take profits will be irresistible to a lot of holders as we enter Leadville/McCracken and good on you if you choose to do so.
I personally believe with the indicated seismic data and the finds so far in this well including the 21ft of oil (very significant in itself imo) that the company is sitting on an oil field not an oil well, how big? …time will tell.
Me I’m going for an Elephant ride, at least to the second sell. LOL
Good Trading
Xan
GDN Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
