GDN 0.00% 1.7¢ golden state resources limited

value of 2 million cubic feet of gas, page-9

  1. 5,003 Posts.
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    PB3 is still spitting fracc fluid.. could be 3 mmcfd before they even test the other 5 significant gas zones. Then you also got PB1 which there is no real knowledge of just how much water is down there. Could be bone dry or as wet as my whistle tonight... many wells can become productive that initially produce water. Have a read of the recent BCC announcements. They are having initial water produced from their oil well and said that the wells in the near area have all become producers after initially draining the water from the formation. I'd expect PB1 might the same and there might be an announcement in the very near future saying just that - PB1 is now commericially viable.

    So there you have it... you can get in to maybe 8 mmcfd tomorrow if you're quick at 4.6 cents... what a joke.

    Anyway I am going to lay down now. Catchya tomorrow.
 
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