GDN 0.00% 1.7¢ golden state resources limited

rick knows, page-5

  1. 331 Posts.
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    Ok, so the RPS estimates come out and we have a nice big number. So what? They are yet to prove that all that gas can be commercially extracted...

    I can't see the RPS reserve upgrade being much more than before (I'll punt on Proven Reserves <130BCF). After all, PB3 was drilled from the same pad as PB1 so they have not increased by much the extent of the discovered gas area.

    Overall, I don't think the revised estimates will do anything for the SP.

    Still no flow rates from P3
    Still no plan to re-frac P3
    Still no plan re Leadville in P2

    -Disco
 
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