GDN golden state resources limited

maths lesson, page-6

  1. 33 Posts.
    I hope I'm wrong too, but I seem to remember the porosity of the formations was quite low compared to most, sparked a minor sell off back last year if I remember rightly after a wireline log.

    Probably my pressure was a bit too low looking at rocketmons examples, but even at 6000 psi I doubt they would even produce enough to pay for the well.

    I'm not trying to be smart here, just providing a bit of rough analysis to compare to those who think this was a great announcement. I certainly didn't.
 
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