The target structure has an area of up to 2,000 hectares (20 km2) with 11 potential pay zones within 1,450m of Pennsylvanian (Upper Carboniferous) section plus 240m of deeper Mississippian (Lower Carboniferous) carbonates, commencing from a depth of 2,130m, down to 4,420m.
Independent consultants estimate a mid-case reserve target of 440 BCFE of gas, with upside to 3 TCFE (3,000 BCFE) for the maximum 2,000 ha case.
check the website
http://www.goldenstate.com.au/goldeneagle.shtml
regards,
GDN Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held