GDN 0.00% 1.7¢ golden state resources limited

is there more gas in paradox 2 ???

  1. 261 Posts.
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    Below is a report from GDN dated 7th May 2007.

    Upper Ismay 9,845’ - 9,858’ 3,001m - 3,005m Gas in dolomite reservoir rocks at up to 520
    units, with connection gas levels up to 3,000
    units.
    Akah 10,815 - 10,834’ 3,296m - 3,302m A gas show of up to 790 units.
    Barker Creek 12,558’ - 12,580’
    11,015’ - 11,031’
    3,828m - 3,834m
    3,357m – 3,362m
    A major pressured gas interval in dolomitic
    sandstone. Gas (methane, ethane and trace
    propane) was present at levels of up to 2,300
    units, with connection gas up to 3,300 units.
    A 16’ gas-bearing interval (390 units), in a
    sandstone unit marking the top of the Barker
    Creek member.
    Alkali Gulch 13,097’ - 13,106’
    13,145’ - 13,154’
    3,992m – 3,995m
    4,006m – 4,009m
    Two significant gas intervals in vuggy dolomite
    between salt horizons, with gas levels up to 800
    units. The host dolomite was the best quality
    reservoir rock seen in the well.
    Pinkerton Trail 15,288’ - 15,321’ 4,660m – 4,670m A significant show over a 33’ interval within a
    strongly fractured cyclic sequence of limestone
    and black shale, with gas up to 1,020 units.

    And the following statement in the same report.

    Drill Stem Test – Leadville Limestone Fm
    The drill stem test on the Mississippian Leadville Limestone target yielded water at this depth,
    indicating that the Leadville target will be better tested further up dip, above the inferred oil/gaswater
    interface (see diagram below). The proposed second well for the project targets the
    Leadville Limestone one mile (1.6 km) up dip to the SSW, and would intersect the Leadville
    Limestone 1,000 feet (305 m) higher vertically above the intersection in Paradox Basin #1.
    Permitting is currently under way for the next location.

    It would seem that GDN have done exactly what they said they would but with a superior drilling company. The current well is ahead of schedule and under budget.
    If you compare the reports for the same zones from PB2 you may find that the results are better for PB1 and this is what the above report proposed. When the well hits the targeted zones as demonstrated above, the levels of gas are considerably higher than PB1 and the zones seem to be in the same Lithology. This may be the reason for the talks that are under way for production of the discovered zones in PB2
    which will also include the discovered and possible connecting zones in PB1. If this trend continues into the lower zones of PB2 and based on the above this may be highly probable, then there may be extremley good results discovered in the lower targets of this well.

    Good luck to all holders and let the drill bit do the talking!!! IMO DYOR
 
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