GDN golden state resources limited

question about gas fields...., page-6

  1. 642 Posts.
    Hi, the well so far is following pb1 almost the same with the gas show readings only difference is the upper zones are 700 feet deeper. So far pb2 has showed minor gas show readings in all the places it was seen in pb1 the readings might of been better in pb2 then pb1 since this time they released the numbers which they didnt on pb1 at those shallower depths. Some have mentioned those readings mean nothing but it can be used to show that its intersecting gas readings at the same levels as pb1.

    Today's announcement said the position of pb2 is placed to optimally test the akah, barker creek, akali gulch pinkerton and leadville formations, they didnt mention the 2 formations below leadville but with positive results at leadville they may try to drill to the deeper 2 formations too. They didnt mention that the upper and lower ismay and desert creek formations are in the best position with this well but with the readings so far it is expected that they should encounter some good results when they reach the ismay levels.

    If they can drill by early tomorow or sooner they might reach 10100 feet by friday morning and may have found an oil column at that depth, it will be a good indication of how similar the 2 wells are at a level near the upper ismay, if the oil column is thicker then at pb1 people could read into it as suggesting the ismay targets could have stronger readings then pb1 too.

    The deeper targets is what will potentially make the share price run but it could start with positive news at the upper ismay which could be reached on the weekend.

 
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