GDN 0.00% 1.7¢ golden state resources limited

common sense

  1. 74 Posts.
    I'm sorry.... But doesn't confirmed quality gas still equal cash in hand? Even though two of their wells aren't exactly the best they are still both capable of production quality and quantity.

    Drilling near a fault always has the POTENTIAL for gas to travel up through micro-fissures. There is nothing stating that lower zone gas hasn't risen to upper zones. There is still nothing stating that there isn't gas in lower zones either.

    Even if they only get 30 BCF from PB2 alone, they are still making a decent profit.

    The psychology of people baffles me sometimes.
 
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