Drilling Status Report – 19 April 2007 • Paradox Basin #1 oil & gas well, Grand County, Utah, is at 15,756 feet (4,802 m) in the Mississippian Leadville Limestone Formation, the well’s primary objective, and drilling on with increasing background gas levels. PARADOX BASIN #1 OIL & GAS WELL, UTAH USA Golden State Resources is pleased to announce that drilling at the Paradox Basin #1 oil & gas well is proceeding satisfactorily. Paradox Basin #1 is at 15,756 feet (4,802 m), in dolomitic limestones of the Mississippian Leadville Limestone Formation, the primary objective of the well. The top of the Leadville was intersected at 15,573 feet. The well is drilling ahead at 6⅛”. Background gas levels have been increasing progressively, now averaging 100 units, an encouraging trend as porosity increases into the Leadville Limestone
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