let's put these pieces together to get an complete...

let's put these pieces together to get an complete picture.

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Subject: the update
Stock Code: GDN - GOLDEN STATE RESOURCES LIMITED
Posted: 23/05/07 15:38 Hotcopper Radio: GDN on BoardRoom Radio
Posted By: walliska Views: 1735
Post #: 1812023 (Start of thread) Sentiment: Buy
IP: 203.31.xxx.xxx Voluntary Disclosure: Stock Held
John and Richard in town

John leaves tomorrow for the states

Those that rely on telephone information or ringing the company receptionist - well she is about 20, services other companies in the building and doubt she would understand any mining or exploration terminolgy

Testing is behind schedule - currently testing Barker Creek

Other zones have been tested - test upwards from bottom to top

Pinkerton could quite possibly become Cane - harder to extract gas from Cane

Cashflow is the goal - Delta are currently commercial at 2mcf - they are hoping for 5Plus

2 million required to connect to pipeline

Was Leadville when tested - liquid - maybe not - heading to well 2 to determine further results

A reserve is built from multiple drill holes however calculations can be done based upon one well (if you get 20 - 50 BCF) then obviously excellent

Announcement will be before weekend if good !!

Do not have to announce if nothing significant found - this means no gas no announcement - can't understand that one

Did they leave me with level of confidence - 50/50 - will sit on fence - long term yes

Uarnium - geologist to be appointed - record date toward end of June early July - potentially after expiry of options

Are the options underwritten - not at this stage but number of brokers want to do that

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PARADOX BASIN #1 OIL & GAS WELL, UTAH USA
Paradox Basin #1 successfully reached its total depth of 16,471 feet (5,020m) after passing into
the Cambrian Lynch Dolomite at 16,368 feet (4,989m).
The Company has proceeded immediately to well completion, initially testing gas shows in the
Pinkerton Trail Formation, Alkali Gulch, Barker Creek, Akah and Upper Ismay intervals. Other oil
and gas shows in other formations, may be assessed in conjunction with the these intervals.
The Company is a third through its initial testing of the major intervals defined during the drilling.
Perforation of the major Barker Creek interval at 12,560 feet (see below), is expected
to commence within 30 hours.
This diagram is schematic only
The programme was delayed beyond the planned schedule due to a failure of a testing tool, which
had to be recovered from the well.