GDN 0.00% 1.7¢ golden state resources limited

bear trap, page-24

  1. 4,867 Posts.
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    Which imo will make GDN a takeover target. This based if the PB#3 well design works to exclude water from other traps which I'm confident it will. Ismay gas is there. The water came from improper cement bonding and large casing for the previous deep well exploration. PB#3 new design is probable to negate this due to the smaller bore casing proposed etc. If GDN get 3 wells producing from Ismay then other oilers in the area like Delta may be on the hunt and GDN become the prey.

 
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