Also on this site Proactive Investors Q&A with CEO® Golden State Resources Limited Executive Director Richard Sciano & Chief Geologist Rick De Boer, which I found worth a read.
http://www.proactiveinvestors.com/genera/files/sponsor_files/golden_state_resources_qanda_with_andrew_mccrea_20090422.pdf
I found this statement very encouraging.
Proactive Investors
Recently, oil consulting independent major RPS Energy Group indicated that there is a significant potential gas resource at Golden Eagle in the Paradox Basin. A mid‐case estimate for Gas In Place by RPS Energy Group would be 118 billion cubic feet (Bcf). In perspective, the total new field gas reserves discovered in the USA for 2007 was 796 Bcf. For a company with a market capitalization of under $50 million, this is heady stuff. Finding gas in the Paradox Basin has frustrated many, and been a windfall for a few.
Also on this site Proactive Investors Q&A with CEO® Golden State...
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