GDN 0.00% 1.7¢ golden state resources limited

prob. 20~50bcf reserve from this well. may have drill a few more...

  1. 1,585 Posts.
    prob. 20~50bcf reserve from this well. may have drill a few more (5 more wells?) to prove up all the gas reserve in this 200ha project area.

    in that case 20~50bcf is not a bad start.

    regarding 5mcfd..
    remember delta's drilling with 80acre(50ha) spacing and therefore may need to drill 4~5 wells to retrieve this 20~50bcf reserve identified by paradox #1. then will get a multiple of 5mcfd flow rate.

    and costing wise...
    it costed over 20m since it was an exploration well there was unfortunate incidents. following production well which i've mentioned above won't cost that much. prob. around 4~5m each?

    but how would the market react to it? don't know..
 
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