rps energy estimate

With an estimated 9bcf of gas, will this be the week we finally see the share price reflect the potential that GDN is now so close to reaching. Its becoming a real nail biter but won't be long now IMO until we know one way or another.
Her's a little reminder of the potential -


GOLDEN State Resources has locked in a debt funding agreement for the development of its Golden Eagle gas field in Paradox Basin, Utah, as its gas initially in-place estimate increases to 9 billion cubic feet

Golden State anticipates it will be able to rapidly expand production from the Golden Eagle gas field pending the results from PB-3 [Paradox Basin-3].

Sciano added that the field will be developed with further drilling of the Ismay Formation which involves shallower wells that are expected to be cheaper and fast to complete.

Paradox Basin-3 was spudded on January 27 and is expected to take 55 days to reach the Ismay Formation production zone.

Meanwhile, the company said independent consultants, RPS Energy, has increased its low estimate of gas initially in-place at the Golden Eagle field to 9Bcf.

The estimate follows the evaluation of the Paradox Basin-2 well.



You got to know when to hold 'em, know when to fold 'em, know when to walk away and know when to run. WHATS IT GONNA BE? Can't wait to find out!

Good luck holders, won't be long now
B Rubes