GDN golden state resources limited

value if they have 80bcf, page-7

  1. 421 Posts.
    Hi PP,

    You forgot one thing. The reason GDN has stated that their reserves will likely be larger, is that the 78.9 bcf comes from the RPS report carried out on Para #1 over 640 acres.

    If you work that out Para #2 probably site on the edge of that acreage.

    As the have found more gas in Para #2, it wouldn't be stretching to thing the P50 estimates will increase significantly for Para #1 and #2 combined.
 
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