GDN 0.00% 1.7¢ golden state resources limited

selling the gas, page-3

  1. 498 Posts.
    acgsuper, I wouldn't worry about the capacity of the Williams pipeline (actually three separate lines) that have a capacity of 12 billion cubic feet per day in total. Yes there is the demand for it otherwise why would they even begin drilling in this location, there certainly would have been some type of scoping study to see what cost would be involved in commercial gas was found. There are investors ready to debt fund this hook up and take their share once commercial gas is confirmed. There are plenty of storage facilities (230 Bcf. of seasonal storage), so there is no worry of excess gas. I would say at the earliest you would see a hook up in the fourth quarter of 2010. I am not sure what percent Williams would take, that is non-negotiable and is just a set rate if you want to hook up to their line.

    Northwest Pipeline is where GDN would hook up to.
    Miles of pipe: 3,900
    Main office: Salt Lake City
    Major markets: Seattle, Portland
 
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