marginal or profitable, page-32

Sheeza69,

With relation to PB1, you need to go back to announcements made in 2007 see the link below

http://www.asx.com.au/asxpdf/20070907/pdf/314flrx5vjby9s.pdf

In this announcement below quote:

"PARADOX BASIN #1 OIL & GAS WELL, UTAH USA
The Directors of Golden State Resources are pleased to announce the completion of the current
phase of workover operations on the Paradox Basin #1 Gas Well, Grand County, Utah.
At completion of a 72 hour test of intervals in the Upper Ismay section, gas flow stabilised at 340
Mcf/day (thousand cubic feet per day) with water produced at 2 bbl/hr (barrels per hour). The flow
test followed successful fracing of three Upper Ismay gas intervals: 98509860, 97329727 and
97409760, totalling 35 feet.
Down hole gauges were set in the well prior to shut-in and will be retrieved in early September" end quote.

the well is rated at 340Mcf/per day, if the well was classified as commercial, they would have announced this as far back in 2007.

The word commercial is not used anywhere, perhaps if the two wells are combined then there may be commercial levels of gas worth proclaiming.

Until they used the word "commercial" and the day PB1 is connected to the main supply line we need to assume that well is not commercial on its own.