marginal or profitable, page-18

hi Sandlion,

i agree with you, seems people are getting little impatient which they is ok.

just to cheer some of you up : (from the announcement 28 may 2010)

-Paradox Basin #3 is currently flowing gas

-US focussed oil and gas company Golden State Resources Limited (ASX: GDN) (Golden State or the Company) is very pleased to announce that on commencement of the clean-out operation Paradox Basin #3 began to flow gas to surface. The gas has been diverted to the flare. The flow was estimated at 900,000 cubic feet per day. The flow will be monitored over the next few days as part of the clean-up.

AND MY FAVOURITE (and why imho beleive GDN may be looked at differently from the market in the near future if PB3 announced commercial) :)
-"The directors of Golden State are very pleased with this result. This result has greatly lifted our confidence in the casing design, which augments well for successfully completing Paradox Basin #3 as a producer."

PS: good to see people being negative prior to confirmation of PB3 being commercial or not; imho may create a bit more of a shock to sp in the short term. either way + or -!

dyor at all times, cheer up guys, invest wisely :)