GDN 0.00% 1.7¢ golden state resources limited

next week

  1. Ya
    6,809 Posts.
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    The ROP seems pretty fast as we approach the first target, the Upper Ismay, in the Honaker Trail formation, around the 9900' mark.

    The plan of action here onwards should b on these lines,

    1) Drill 12.25" hole to 9900'
    2) R/I 9" casing & cement this section
    3) Drill 8.5" hole from 10000' onwards

    I anticipate the gas readings on the chromatograph to pick up, saw 300 units at PB-1, so expect something similar here.

    BTW, the U-I was tested at PB1 & flowed 1.168 mmcfd from a 35' interval over a 24 hour period @ 510psi pressure. So the gas should b there in that section.

    Lastly PB-2 is drilled about 1.6km South of PB-1 at a high on the GE structure, so I dont expect much difference in the presence of gas.

    Only concern, I have, is the proximity to the fault as we get deeper, hope we dont get huge mud-losses downhole.

    In the meantime safe drilling & look fwd to the Upper Ismay nxt week. Have a good w'end all.

    cheers
 
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