GDN 0.00% 1.7¢ golden state resources limited

well type oil well, page-8

  1. 642 Posts.
    Hi, 14km away from gdn's wells is the salt valley prospect by delta petroleum. They have a producing reserves of 200 Mbo. An estimate of 585Mbo is the total proven reserves over 200 acres which they plan to develp with 40 acre spacings. They have 7100 acres in the area which is all prospective by delta petroleum. The depth for the salt valley wells is about 8200 feet. GDN first well hit oil at 9400 feet but the 2nd well they are drilling to reach leadville a 1000 feet higher, If all the intervals were 1000 feet higher that would put the oil column gdn found at about 8400 feet which is close to same depth as deltas salt valley prospect.

    ON September 18 2007 delta petroleum has applied to put in a steel gas pipeline to be able to produce from the greentown and salt valley projects. Delta also has a prospect further south and to the right of gdn's wells called the fisher valley prospect. Im assuming the pipeline would be near to the other prospects delta has which would mean the pipeline would run close to gdn's wells so it might also be used by gdn possibly.

    Just thought to share what i have found.
 
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