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GDN - Golden State Resources

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Thats normal formation PSI, to get the formation PSI all you have to do is

WTxDTx.052= Formation PSI.

So mud weight say 10 lbs, say depth 10,000 feet, x .052 = 5,200 PSI.
 
pilots said:
Thats normal formation PSI, to get the formation PSI all you have to do is

WTxDTx.052= Formation PSI.

So mud weight say 10 lbs, say depth 10,000 feet, x .052 = 5,200 PSI.
Click to expand...

Sorry Sharemader I was still asleep when I posted this morning, the above formula is for the Hydrostatic head of PSI(HSP).
Formation PSI is,, HSP + SIDPP PSI. (SIDPP is shut in drill pipe pressure)

Love the hype and tripe on the other forum.
 
Just shows that one opinion doesn`t move a stock price. There is definitely a line between stock discussion and stock pumping/anti-pumping.
 
check out the GDN sell depth.
Gotta love the guy offering 100k @$8.92
Is that you sharemadder??
I love an optomist lol
 
Dazt

Every man and his dog is in GDN now cobber.

Traders all over it.

I dont care as long as sp goes up.

30 mill + vol day and 19c thats a big hi five for us.
 
Dont think you will get yr 30c tomorrow, but I would love to see it.
30c would get the oppies fired up too.
Signs are there that it may run like Para 1 SP, the old greed factor is starting to come in to play
 
using directshares(etrade)can any body let me know how do you get to view the market depth beyond 10 prices??
 
sorry rottodriver I use Comsec Iress.
Heres a screenshot of todays depth, tho obviously this will change as open approaches.
Price at open looks to be 20c (4.4c for oppies)
I notice sharemadder has taken off his $8+ offer lol
PS there were another 6 bids down to 2.7c but the screen shot didnt fit them in.
 

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Would be interesting to get a up date on the logging now, just tell us what they are logging, and when they think they will be ready to run casing.
 
punters obviously LOVED that ann. wow
What did they expect the ann to have?
Its all going to plan IMO they are doing a great job of the drill.
 
MMMMMMMMMM, Now can you see any thing about the MDT results??
Next they say POSSIBLE pay zones. The plot thickens.

This has gone from nothing to 20c very fast, but I can assure you, it will drop a lot faster on bad news.
 
Re: GD - Golden State Resources

Agentm said:
pilots.

with the porosity reported today as average of 6.2%

and the average porosity regionally for the formation

• Porosity - averages 8-12%

how do you see todays announcement yourself?
Click to expand...

Porosity is not all that important, you can all ways frack it, what is important is to first have gas in it. What they said to day was POSSIBLE gas.. What a lot of the rampers have not picked up on is that they say we have some zones with fractures in them, now a fracture is real good to transport gas as long, as long it is sealed in, but 9 times out of ten, it means the gas or Oil has escaped along the frack.
 
hi pilots, wouldnt the tests given the permeability like was mentioned in the report yesterday they were running the pressure test which would also help find out the permeability.

Wouldnt this be what they look at to get an idea of what zones can have potential to flow gas?
 
"What they said to day was POSSIBLE gas.."
I think they have been very careful with their wording this time round.
 
Re: GD - Golden State Resources


We don't know what logs they have run , we are guessing.
They will have a good idea from the cuttings as to what the permeability is, what you need is to have gas trapped in it, when you run a log, the gas/oil is in your face, real easy to see, the trouble is how much do you have, how big is the zone, is the zone fracked, I can tell you that neck of the woods is fracked to hell and back. Most zones will flow gas, but won't be commercial, I can show you a well flowing 6Mcfad, the well was not commercial, the zone would have been depleted in less than a month. One company man from close to GDNs lease told me some time ago '' WE ARE DONE CHASING OUR TAIL ON THIS Son of a gun''
When the well is over and the flow test are done you will know how much you have, until then it is all guess work, hype/tripe. No word on the MDT run.
 
DAZT49 said:
"What they said to day was POSSIBLE gas.."
I think they have been very careful with their wording this time round.
Click to expand...

Yes on the first well they used the word COMMERCIAL instead of POSSIBLE.
This time they seam to be more careful with the wording.
 
pilots!!
Are we agreeing on something??
They were clever in getting RPS to do a report too, which was also conservative, tho they didnt get a lot of useful data from Para 1.
They did hint at a change in those RPS estimates in todays ann.
"The Barker Creek Formation and Ismay Formation both produced gas on test in Paradox Basin #1 and the presence of gas in these zones is EXPECTED TO INCREASE the currently discovered gas in the Golden Eagle Field."
 
Essentially they were unable to obtain a seal on the hole and the chambers that protrude from the MDT tool were not able to properly open due to the rugosity.

The MDT will be run again when the well is cased so that they can obtain a seal to test properly.

The logs from P1 and P2 are very similar however nothing can be confirmed until the MDT. We may see another MDT attempt before TD.
 

i dont follow what your saying

yesterday they had reported that the well was conditioned to do the test. and it was commencing from zone 10.

"The MDT tool is currently conducting a series of pressure measurements commencing in zone 10 which has a reservoir pressure of 3661 psi. The MDT will take approximately 24 hours and will be completed late today."

once the well is cased the formation will not be able to be accessed.

are you saying they will pull the casing later?
 
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