GDN 0.00% 1.7¢ golden state resources limited

well type oil well, page-10

  1. 642 Posts.
    Pecora the pinkerton trail and alkali gulch intervals they say are cane creek plays which involves horizontal drilling. They say they will be testing this play in future wells which could mean they will have horizontal drilling on the 2nd well.

    Pym today said they have production of 480mcf which is considered good for the company, im not saying that 800-900mcf for gdn is good with the amount they have spent on the well but the money they did use was going to be spent drilling a wildcat well which could of came up completely dry, atleast the well has been drilled found gas in several zones which should increase with future wells and also have got the information to better place the 2nd well to reach leadville.
 
watchlist Created with Sketch. Add GDN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.