GDN golden state resources limited
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two exploratory wells drilled that encountered economic...

  1. rocketmon
    1,585 Posts.
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    28/05/07
    14:55
    Post #: 2487163
    two exploratory wells drilled that encountered economic recoverable reserves totaling 8.5 Bcfe gross in proved developed producing reserves as of December 31, 2006. These two wells resulted in gross proven reserves of 42 Bcfe (24 Bcfe net) over a 400 acre area.

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    and from those two wells, they are estimating 42bcf over 400 acre area.
    GDN Price at posting: 0.0¢ Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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