wakeup to gdn valuation, page-12

Hi brainybull, nothing wrong with your valuations of gas in the ground. But they haven't proved that it can flow yet. Panda finds it a bit stale for me to keep on about this, but flow rates are the reason that GDN's price crashed. If they had got P1 to flow at 2 or 3 mmcfd then they wouldn't be in this situation. They would have another half dozen wells by now, be an established producer in the paradox basin, the toast of shareholders - and I would still be one of them.