GDN 0.00% 1.7¢ golden state resources limited

Now that we have a context, the directors also stated on Nov 13...

  1. 57 Posts.
    Now that we have a context, the directors also stated on Nov 13 that the total thickness of sands is significantly greater than originally anticipated.


    The extent of this is now clear from reading page 42 of the 23Dec05 report.

    Postulated reservoir thickness for Upper Ismay, Lower Ismay, Desert Creek and Barker Creek was 197 metres cumulative.

    The Nov 13 report advised the gross sand interval was 860 feet or 264 metres which is 34% greater than anticipated. And with the Alkali Gulch being the primary source which has strengthened this at production level capability very substantially, it would appear.

    WE HAVE A PRODUCING WELL, ACCORDING TO DIRECTORS. HOW MUCH? TOO EARLY TO TELL. BUT IT IS IN THE MONEY.
 
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