Hi mick z,No, I don't take it personally.I also think the...

Hi mick z,
No, I don't take it personally.

I also think the statement;

"Paradox Basin #2 will be completed as a production well if commercial
flow rates are sustainable."

may be there as a backside covering statement, because it sure reads way different from the statements below.


UPDATE – 25 MAY 2009
Paradox Basin #2 well, Grand County, Utah
In light of the excellent confirmed large gas resources discovered in
the upper zones of the well, the Company has made a commercial
decision to proceed directly to testing of five established gas pay
zones for commercialisation rather than continuing drilling operations
to deeper exploration targets.
Paradox Basin #2 is being prepared for immediate testing and
completion of gas zones in the Pennsylvanian Ismay, Chimney Rock
and Barker Creek formations within the Golden Eagle gas field.
The confirmed shallower gas zones represent a larger discovered
resource (P50: 78.9 Bscf) and are more commercially attractive for
exploitation than the deeper zones in the Pinkerton Trail Formation
and Mississippian Leadville Limestone.
Testing operations are being organised to commence during June.
Preparation and planning for tests has been progressing since setting
the 7” casing.
Paradox Basin #2 is a successful well that has discovered further gas
resources in the Golden Eagle Field. A revised reserves report will be
prepared by RPS Energy after testing is completed. Based on the
results reserves are expected to increase.

It would seem, if you consider the word "sustainable"
( Meaning = of economic development or energy sources, capable of being maintained at a steady level without exhausting natural resources) and apply it in context to
the above it sure reads differently.

But that's only my opinion, everyone to their own, and I hope that when Gdn complete the testing, that I might be proved wrong, and pb2 IS connected to PB1 etc.

Best of luck to you and others who hold.

This may be the last time I post on gdn, and you are right I don't need to justify my selling to anyone, however I Believe it would be selfish of me to take other peoples points of view etc without offering mine or sharing what I have found.

If Wcu share price is helping to support gdn at its present level , some might want to check out Wcu on hot copper. In particular the posts on White messa mill. For example "Dennison HAVE cut down processing at White Mesa. They have also put off staff, and have ceased sending their own conventional ore for processing.

Dennison have also been selling the majority of White Mesa production at Spot, and back then spot prices were $40 ... this became untenable" Etc.

And " Aaah! There is another small matter.
The 'general punter' awaits (among other things) the news that WCU have concluded a contract with White Mesa before chancing his toe in the water.
I believe it is unlikely that the contract will be finalised between them until the Mill has the 'blessing' of the County Planner.
A very brief explanation. Correspondence has been exchanged between his department and the mill (starting I believe in September last when the Mill exceeded it's daily allowance of twelve truck loads).
The Mill has been revising and updating it's permit application via continuing correspondence and submitted their latest (and hopefully final and acceptable) revisions on May15th last.
It will surely come right in the end....just needs a little patience."

As I have said DYOR IMO. Good luck to all holders of Gdn and Option holders of WCU.

Sharpeye closed.