The directors of Golden State Resources are very pleased to report that initial interpretation of wireline logs indicates that three of the upper four gas shows associate with fractured gas bearing limestone formation. Show 1, which was originally 4’ is likely to extend 21’ in from 10,109’ to 10,130’. Shows 3 and 4 (originally 37’) associate with a single gas bearing zone in fractured formation extending over 52’ from 10,344’ to 10,396’. These zones will be flow tested on completion of the well.
GDN Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
