GDN 0.00% 1.7¢ golden state resources limited

are we there yet..., page-15

  1. 15,276 Posts.
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    aussiesurfer2 ...

    Yes...Leadville will be a bonus (lol...a pretty big one at that), as the well is already commercial in my view.

    If the worst case scenario for Leadville becomes apparent (ie, loss of trap integrity at the fault), then the upside is that the Alkali Gulch member may be confirmed as sourced from the Leadville via the ruptured fault?

    If so, then the Alkali Gulch may well be filled to spill point...and arguably host to a considerable accumulation footprint.

    Further, if filled to spill point, the "leakage" might also be responsible for the upper gas accumulations, as well as additional occurances throughout the lease area.

    In this scenario, it is feasable that all the above horizons, both shows and likely commercial hits, potentially represent a re-distribution of Leadville into the upper traps?

    Perhaps the only thing that really is clear however is that the story is still a long way from being fully understood.

    Cheers!
 
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