GDN 0.00% 1.7¢ golden state resources limited

sharpeyeThey will need to frac Barker to get it to flow...

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    sharpeye

    They will need to frac Barker to get it to flow especially as Barker has the oil fluorescence so would be added bonus for gas to flow from here. This is the LPG content which I believe they got from PB#1 in their gas analysis as well.

    Chimney formation may flow on its own unaided due to the higher porosity. I think they are banking on that.


    All up 2 to 3 weeks so will need to get cracking but first good flow of gas from any zone will see sp rise. Chimney maybe the cracker they need to get sp back over 20c and see them oppies in the money.

    Very exciting times once they start the process of testing the well.

    Unit rig for well 3. Id say yes but no permit yet and will take some time (i.e. 4 month turn around to get one) before spud. In the mean time if PB#2 commercial flows then we having piping in to main line. This is a relatively quick permit/approval process.
 
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