GDN 0.00% 1.7¢ golden state resources limited

big but how big, page-21

  1. 3,915 Posts.
    page 35 of their december report by the geo states:-

    The acreage lies in the northern
    part of the prolific Paradox Basin
    and contains essentially the same
    prospective sedimentary section
    that has produced over 500 million
    barrels of oil and 1.2 trillion cubic
    feet (TCF) of gas. It lies on a
    producing trend that extends from
    the large Aneth Field to the south
    to the Greater Cisco Field to the
    north.

    the next note states:-

    � The Golden Eagle prospect is a
    large undrilled Pennsylvanian
    shelf-edge/basement structure
    with the potential to produce more
    than 3 TCF (trillion cubic feet of
    gas equivalent) and is expected to
    be drilled to a total depth of 4,450
    metres in the first half of 2006.

    there is a difference here. to what then is the first bullet point referring? i take it to mean the whole paradox basin.

    then the next bullet point makes mention that the golden eagle prospect itself has the potential of 3tcf.

    so the figures being discussed seem to be a bit rubbery.

    just trying to get a better understanding of whats going on.
 
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