close to casing point yet, page-8

Still plenty of time for the shares to go up and down and no rush for anyone to jump in to GDN .
GDNOA's remain solid and buyers should expect to pay a min. of .8 cents for them.

My reconning is that the 4000 ft casing depth will be achieved within the next day or so, all things being equal.

BUT WHAT DOES THAT MEAN? Nothing but drill progress in my view.

First gas reports in Para 1 and Para 2 were made at around 7000 - 8000 ft. This well is being drilled at 30 degree off virtical and therefore we may have to wait untill 9000 - 10000 ft for the first gas shows in Para 3.

We appear to be some 3 weeks still away from that depth.