"The Utah Geological Survey study (which is partly complete and ongoing) has already determined that shale gas reservoirs in the Paradox Basin Utah have tremendous untapped potential. Shale-gas reservoirs in the shale horizons of the Paradox Basin include the Gothic, Hovenweep and Cane Creek shale horizons. These are widespread, thick, organic-rich, thermally mature for gas generation, and contain natural fractures for secondary permeability." Another + for GDN. Shale gas is a big deal in the US, Paradox basin has plenty of potential in this area. A JV partner will be needed to realize that potential imo
GDN Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held