GDN - Golden State Resources

[sharemadder]

z8ball

Such strong language you use, 'titanic' ??? ???

All Ords down so most stocks on ASX down. Looks like ASX going down like the titanic to me

Explained simply, GDN has day or ST traders all over it. Some need to sell there positions and didnt get the wizz bang ann. they wanted today. Why because PDC drill bit too slow and the Lower Barker Creek target not engaged yet. New bit and another day or two and 'another' gas show I'm sure will turn up. Remember they have had 10 so far with 7 considered possible pay zones.

WCU has had stellar rise, plenty of profit made on this so far. Now expecting still permit approval on 20th but gee's 200% gains, wouldn't yopu on a down day on ASX take some of the table.

Have a nice day sonny!

 

[sharemadder]

aramz

For sure a very good an. is still expected this week. If you are ST holder or dont have funds to pay for your stock though u risk a lot as anything can go wrong as with any well.

 

[z8ball]

Good 'O Sharemadder, I guess time will tell won't it. Either your right and you'll make a motza or history will repeat...

Good luck, personally I hope you make a motza! I just get sick of hearing wedding bells everytime a holder talks about this share.

 

[DAZT49]

z8ball,
Hmm style familiar...maybe bluesdog?
While I am disappointed with the ann they are still about 9 days AHEAD of schedule.:
They changed the bit because of slow drill rates, 6 X 24 =144ft if they get 10ft/hr with the new bit its going to take a day to catch up .
Anyway ...the build up of anticipation/fear continues

 

[DAZT49]

Good 'O Sharemadder, I guess time will tell won't it. Either your right and you'll make a motza or history will repeat...

Good luck, personally I hope you make a motza! I just get sick of hearing wedding bells everytime a holder talks about this share.

z8...you have posted 3 times on ASF 2 of them on GDN, so how is it you are sick of wedding bells on this thread??
Ok ...just for you..
I am a holder but I hate this stock the management are crooks the wells are dusters and I am gunna call ASIC because I think management are using our money in the white slave trade in Arabia.

 

[z8ball]

Hmmm DAZT, style familiar, maybe just like the other thousands of holders married to this stock that can't see what's really going on.

Some tidbits for you:

Company Secretary Ranko Matic, very "enterprising" chap! Boasts of being involved with over 35+ IPOs in just six years! Fantastic work ethic. According to records though, it would appear that his numerous mining "exploration" companies are yet to actually make any money. Lots and lots of specualtion though that they are just around the corner from the big find. Seems to do wonders for the share price.

Absolutely amazing timing on the options as well IMO. The way they fall due right about the time they should be hitting the big pay day. I think this happened with PB#1 as well. Not sure, would be an amazing coincidence though.

It's all perspective though isn't it? As long as your not left holding the pile when the music (volume) stops.

Like I said, someone's going to be right and someone's going to be wrong. I just hope you'll still post here afterwards

Just Kidding, seriously, I hope everyone makes a bucketload and I end up looking like a bigger prick than I already do. Good luck.

 

[DAZT49]

z8,
Now you are sounding like pilots.
Ok ,please explain to me why they have "conspired" to do all all this.

 

[sharemadder]

z8ball

You say "just kidding" after inferring one of the directors is rancid

Very strange, kick they boots in then say 'oh I hope u make a motza' :

The options were never timed this way. Those options been on the table some time. Sure the directors 'and the faithful shareholder' need the sp in the money to see $40 mill realised on the 30th June. But that makes good business sense hey.

Regards past performance especially with PB#1, sure I agree that was putrid to say the least.

With Rick De Boer on board now, very experienced oil/gas man, has employed very experienced rig and rig management. PB#2 drill has so far been very good, on time and has produced some excellent gas shows with RPS preliminary report 7 out of 10 possible pay zones.

Of course need to flow it as well, be there soon.

Cheers

 

[z8ball]

Read the post again, just kidding has nothing to do with my views of these guys. It's after a had wrote tongue in cheek comment.

And yes I do hope holders make a motza because I wish no-one harm and any losses.

That's all.

Read what you like into my views on these guys. I don't like their resumes, past practices, current drip feeding of ANN's and the uncanny similarity of what is occurring in a number of their associated companies.

 

[sharemadder]

z8ball

Fair enough, u don't like them

I don't like them either LOL (except for Rick).

I just want to make money and lots of it.

But why discourse your feelings which at this point in time appear to be very much opposite of what PB#2 is doing. Thats what really matters isn't it? The well and its progress.

Any well is either a hit or not. Only at the end we will all know as u agree.

And yes I would rather regular updates on it and I don't care much for the ST traders especially when they loose just because an 'expected' and 'hyped' up ann. is 'supposedly' due and doesn't arrive on time.

Seen enough wells to know things can change rapidly either way or just be delayed etc. And if GDN bag $40 mill in option money end of June I will be very, no extremely happy

Cheers

 

[new_trader1984]

hi sharemadder about the 7 out of 10 zones you mention, i think what they did was upper ismay barker creek and akah had 2 zones each and they combined the 2 intervals for the total pay in each formation that was reported and all three were done that way when they gave the 200.5 feet of net gas. They did this in the upper ismay formation and it seems thats what they did for the other 2 formations too since we were just told the amount of feet in each formation and not the depths of each one. So productive levels of gas could have been from all 10 gas shows but they also added the area between the 2 gas shows that linked them together which may have also found some gas which would explain how they got 200 feet of net pay from only about 186 feet of gas shows.

Hopefully some more good results will be seen this week from lower barker creek.

The oil gas utah document for pb2 has been updated too upto about the 9th of may and can see the gas units and also the pressure results from zone 10 that was mentioned in a report.

 

[sharemadder]

Thanks NT for the info.

I think I better have a read of that doc on the Utah DOGM web site. I haven't looked for a while.

PB#2 is looking good. LBC hit maybe tomorrow or the next day, depends on the new drill bit installed.

Cheers

 

[DAZT49]

This waiting is making me twitchy, they hoped lower barker shows would be in a 300 ft section after the casing didnt they?
Its 9.37pm in Utah, dont think we get a late ann today.
z8,
i see you are downramping the stock in another world.
What is your old nic??

 

[sharemadder]

Dazt49

patience buddy, they will report when they get there. Steady as she goes.
Hopefully they haven't needed to trip again :hide:

 

[DAZT49]

maddy,
Yeah, I figured it would be tomorrow before we get an ann.:sleeping:
whats yr take on this from the ann a couple of days ago.
"Golden State Resources is currently liaising with various specialists to discuss the completion of the upper gas zones in Paradox Basin #2."
Is that for the offtake of the gas to the pipeline.?
Anyway wont be long til..:alcohol:

 

[sharemadder]

Dazt

From that ann. I think they are meaning 'whats the best and most profitable way to frac (stimulate) these upper zones' to get the greater gas flow.

They are consulting with the experts in the area to see which is the best way to go imo. I'm sure RPS etc are providing info.

Yeah LBC hopefully tomorrow but drilling takes time.
It will come when it gets there, albeit without major incident I hope :fan

 

[z8ball]

Hi Dazt,

No other nick here.

Ahh c'mon, it's only fair that someone doesn't let the "Toot Toot" crowd over there go unanswered, true?

Until the last day or so it was like the mutual gratification club. I can picture them holding hands and willing the share price up!

Someone posted here calling them Hot Whoopers??? Thats right on the money.

Good luck.

 

[sharemadder]

Hi Dazt,

No other nick here.

Ahh c'mon, it's only fair that someone doesn't let the "Toot Toot" crowd over there go unanswered, true?

Until the last day or so it was like the mutual gratification club. I can picture them holding hands and willing the share price up!

Someone posted here calling them Hot Whoopers??? Thats right on the money.

Good luck.

I think there's Hot Whoopers both sides of the fence and even some sitting on it. Much about nothing at the moment to really say till they break into LBC etc...

 

[hsv2001]

sorry to ask but what announcement are GDN pending? They seem to post announcments every 2 days and the sharer price seems to hover around the same region. Is this ann another update or a major update that we are expecting?

Thanks
Marc

 

[DAZT49]

in my experience of 3 years on these type of forums that the drampers outnumber the rampers.
Also that "supporters" posts seem to be scrutinised more than drampers..
Actually I dont quite know why people who hold stock are called rampers.
What else would you do but want talk the stock up??
True rampers and drampers have a more sinister motives ( ie to influence you to buy or sell)