common sense, page-2

At a 50% recovery rate estimated volume, 70-78BSCF
Current Market price has been holding between 3.50 - 4.00 per 1000 BTU = 1 scf, well head price for gas is 3.80 per 1 scf.

GDN has approximately 500,000,000 shares incorporating the unlisted options and 600,000,000 with listed options.

70BSCF = 70,000,000 Mscf

At 3.50-4.00 per scf the value of their reserves is $280 Mill US.

This projects a potential share value of 40 - 50 cents in theory.