GDN 0.00% 1.7¢ golden state resources limited

cmt, page-22

  1. 2,988 Posts.
    re: ct RE: other wells nearby

    One well will drain gas/oil over a varying distance depending on fracturing etc. They will not drain gas beyond a fracture seal. Both of the other sites are drilling outside the reservoir GDN are drilling.

    To get a reasonable gas flow GDN will need several wells (maybe a dozen) to drain the productive area they have (assuming it is productive!).

    This is a good (short) read on the geology

    http://geology.utah.gov/emp/leadville/pdf/doloposter1.pdf

 
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