GDN 0.00% 1.7¢ golden state resources limited

almost time, page-28

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    An extract from Novemeber announcement as to why I believe PB3 will work:

    Paradox Basin #3 is designed primarily as an Ismay Formation production well. The well will be drilled into the Ismay Formation gas zone and completed with 5? casing. The lower diameter casing and proximity of the casing shoe to the completion zone will maximise the effectiveness of the cement over the gas bearing strata. The well design will minimise the possibility of cross-flow of water from highly saline artesian aquifers which has been identified as the most likely source of co-produced waters in both existing wells. Under the terms of the two well farm-in agreement with Eclipse the two previous wells were both engineered primarily as deep exploration wells and as a consequence the Ismay Formation could not be effectively isolated for gas production.
 
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