re: here it is ... Paradox Basin #1 well is at 12,490 feet...

re: here it is ... Paradox Basin #1 well is at 12,490 feet (3,807 m) and drilling on
• Strong background and connection gas continues
• Target potential 3 TCF gas
Golden State Resources is pleased to announce progress on the Paradox Basin #1 well in
Grand County, Utah.
The well is at 12,490 feet (3,807 m), drilling in the Alkali Gulch Member of the
Pennsylvanian Paradox Formation (see graphic below). The Alkali Gulch Member
comprises a cyclic sequence of sandstone, dolomite, black shale and salt; and forms a
seal over the primary objective of the well, the Leadville Limestone.
Since last report the well has been drilling the Barker Creek Member with elevated
background gas and consistent high levels of connection and trip gas. All factors are
encouraging.
The Baker Creek comprised dolomite, sandstone, black shale (a good petroleum source
rock) and anhydrite. As the formation was tight, conclusions on potential for production
from the Barker Creek will be available after running a geophysical log over the interval,
once the well reaches total depth, and fracturing of the best zones.
Full assessment of the production capacity of reported gas shows will follow drill stem
testing at the completion of the well. At this stage, from formation pressures and the
amount of gas bleeding into the well, it is likely that production will be obtained from the
Upper Ismay, Akah and Barker Creek members that have already been drilled.
The well is drilling on towards its primary objective the Leadville Limestone
(estimated depth has been adjusted using recent results to 13,400 feet), which have
been interpreted from seismic data to have the potential to contain up to 3 TCF of
gas.
It is anticipated that the well will reach the primary objective Leadville Limestone within 5
days.
DEFINITIONS
Connection gas: Pressured formation gas introduced into the well during short periods of
mud pump shutdown, such as when connecting additional drilling pipe. The consistent levels
of elevated connection gas in this well are highly significant.
Trip gas: Gas that infiltrates the well when withdrawing the drill string (i.e. making a trip).
Fracturing: The pumping of fluids into a reservoir with such force that the reservoir rock is
broken resulting in greater flow of oil or gas from the reservoir.