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0.00% 1.7¢ golden state resources limited

resource estimates

  1. Ya
    6,809 Posts.
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    11/03/09
    15:40
    Post #: 4891085
    The RPS report has two components to it discovered gas initially in place (DGIIP) & Undiscovered GIIP.


    1P: 307 + 111.4 = 418.4 bcf (High confidence)
    2P: 78.9 + 39.7 = 118.6 bcf (mid confidence)
    3P: 15 + 12.3 = 27.3 bcf (low confidence)

    The Disc GIIP figures are for a 640 acre block around PB#1 and we know this well didn't test the main Alkali Gulch & Leadville Limestone section.

    After drilling PB-2, the DGIIP will change.

    In other words 1P-418 bcf is good, considering the conservative estimate of acreage & formation thickness they've evaluated & used in the model.

    cheers
    GDN Price at posting: 5.8¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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