GDN 0.00% 1.7¢ golden state resources limited

drilling, page-26

  1. 3,493 Posts.
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    Neil, Once they start drilling again the SP will go mad, you won't have much time to get on board. The risk here is that this hole has had stuff up after stuff up, I have worked on many holes like this, they seem to have a who doo on them. As every thing has gone against them I will wait until the Cement has been checked out. If they have to redo the Cement, that can be done with out to much trouble. How ever we would be looking at up to a month for this, now I would think by then, GDN would be getting close to having a cash flow problem. All this wash over work is extra cost over and above the cost of the rig. GDN will have to foot the bill for all of it. This is only my opinion only. I have been wrong many times be for.
 
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