GDN 0.00% 1.7¢ golden state resources limited

gdn is now a producer!!, page-86

  1. 254 Posts.
    Trees, rumour and theories will abound so long as GDN anns give latitude for it to happen - I picked this up from a mate who obtained it from foreign private O&G discussion group - saw it was GDN and passed it on to me:

    "It is theorised that reduction in pressures and flow was caused by underground blowout into a low pressure formation, which will need to be blocked if leaking or filled before gas pressures and flows can be recovered. This is supported by the fact that some 2.75mmcfd was registered prior to installation of production tubing, with significant reductions on test since, this together with GDN failing to produce quantified production flow rates to the market as promised and the intention to shut the well in for 10 days to allow equalisation." [my translation as close to original text as possible]

    Seems plausible to me but would be nice if we could get directors to confirm.
 
watchlist Created with Sketch. Add GDN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.