GDN - Golden State Resources
- Thread starter chris1983
- Start date
Just a waiting game really. I'm liking the movement over the past couple of days..i think its more investors than day traders. I think the day traders can sense something is up though so they might start jumping into this. When your day trading you usually dont like holding your positions over the weekend. Is that right? I dont think you would be buying towards the end of trading also? So if they hold up towards the end of trade..that is some good signs
doctorj
Hatchet Moderator
- Joined
- 3 January 2005
- Posts
- 3,271
- Reactions
- 8
Guys,
Please be mindful of ASF's policy on ramping. Copied posts from other forums are subject to the same standards so please check they are OK before you post them.
Please be mindful of ASF's policy on ramping. Copied posts from other forums are subject to the same standards so please check they are OK before you post them.
Just going back to the earlier posts..I kind of get the feeling you havn't liked this one from the start doctor J...
I'll quote the most important sections of the drilling reports and I would like to know how your opinion has changed on GDN now? There has been some very significant messages released by the company since you last posted.
Drilling Status Report – 20 November 2006
"Significant Oil Interval
Geophysical logging of the well was completed by Schlumberger Oilfield Services over the weekend. A 20 foot (6.1m) thick interval with oil within dolomite was detected from 9,411 to 9,431 feet. Porosity was assessed at 4%."
Drilling Status Report – 31 October 2006
"Significant gas discovery in Alkali Gulch zone of Paradox Formation
The well intersected a major pressured gas interval, from 12,549’ to 12,577’ in dolomitic sandstone at the top of the Alkali Gulch member. Gas (methane and ethane with trace propane) was present at levels of up to 2,300 units."
Drilling Status Report – 20 November 2006
"Significant gas interval located over 30’ in Pinkerton Trail Formation
A significant gas show, with levels up to 800 to 1,000 units, was intersected in the Pinkerton Trail over a 30 foot (9m) interval from 15,292’ to 15,322’ (4,661m - 4,670m). Background has since increased to 800 units. The production potential of the interval will be determined upon setting production casing and conducting flow tests at the completion of drilling."
I also remember questions were brought up in regards to the porosity for the well..but rosesny posted a link that was very informative. The Porosity of the Lisbon field is in comparison with GDN's well. Everything is looking good.
There is a lot more Gas shows through out the entire well but I cant be bothered posting them all..theres too many. Id just like to say that the well is shaping up nicely. It will be very interesting once they are into Leadville..because there still hasnt been anything negative about this well yet. Also in regards to infrastructure..they are right near a Major gas pipeline..thats handy.
So once again after you assess everything..how do you feel about them now? The only thing left for GDN to do is confirm gas or oil in Leadville. I'm waiting it out. Im expecting good things..but if it isnt as good as what a lot a hoping for..they allready have a commercial well on their hands IMO.
doctorj said:
I'll quote the most important sections of the drilling reports and I would like to know how your opinion has changed on GDN now? There has been some very significant messages released by the company since you last posted.
Drilling Status Report – 20 November 2006
"Significant Oil Interval
Geophysical logging of the well was completed by Schlumberger Oilfield Services over the weekend. A 20 foot (6.1m) thick interval with oil within dolomite was detected from 9,411 to 9,431 feet. Porosity was assessed at 4%."
Drilling Status Report – 31 October 2006
"Significant gas discovery in Alkali Gulch zone of Paradox Formation
The well intersected a major pressured gas interval, from 12,549’ to 12,577’ in dolomitic sandstone at the top of the Alkali Gulch member. Gas (methane and ethane with trace propane) was present at levels of up to 2,300 units."
Drilling Status Report – 20 November 2006
"Significant gas interval located over 30’ in Pinkerton Trail Formation
A significant gas show, with levels up to 800 to 1,000 units, was intersected in the Pinkerton Trail over a 30 foot (9m) interval from 15,292’ to 15,322’ (4,661m - 4,670m). Background has since increased to 800 units. The production potential of the interval will be determined upon setting production casing and conducting flow tests at the completion of drilling."
I also remember questions were brought up in regards to the porosity for the well..but rosesny posted a link that was very informative. The Porosity of the Lisbon field is in comparison with GDN's well. Everything is looking good.
rosesny_1 said:
There is a lot more Gas shows through out the entire well but I cant be bothered posting them all..theres too many. Id just like to say that the well is shaping up nicely. It will be very interesting once they are into Leadville..because there still hasnt been anything negative about this well yet. Also in regards to infrastructure..they are right near a Major gas pipeline..thats handy.
So once again after you assess everything..how do you feel about them now? The only thing left for GDN to do is confirm gas or oil in Leadville. I'm waiting it out. Im expecting good things..but if it isnt as good as what a lot a hoping for..they allready have a commercial well on their hands IMO.
Binjal said:
This is what i think of GDN:
They will complete the drilling in the next week or so. So far they have aprox 100 million mcf which equates to $2.50 per share after capital and operating cost and taxes. They are preparing the well for production it will take up to four mounts to get it on line. Then they will start drilling the rest of the wells with 3 mounts for each well.
So the price of the share will be above $ 2.50 BY the completion of the well they have minimum 100 million already. some people are predicting 400 million mcf. which will probably get it above $7.00 a share.
I am thinking of selling after the completion of the well as it will drop nothing will be happening for 3 mounts at least.
tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
- 20,440
- Reactions
- 6,442
You guys still buggerising around with this?
There are other stocks going nuts out there!!!
There are other stocks going nuts out there!!!
chris1983 said:haha what hurts waiting 2 weeks? Thats why you have a diversified portfolio. Stocks travelling nicely Today are AOE/INL.
Stocks travelling niceley yesterday was AGM.
Stock travelling nicely in two weeks time will be BMN/GDN
Chris,
I think tech means look at WMT, PEN, FML, MLS.
chris1983 said:haha what hurts waiting 2 weeks? Thats why you have a diversified portfolio. Stocks travelling nicely Today are AOE/INL.
Stocks travelling niceley yesterday was AGM.
Stock travelling nicely in two weeks time will be BMN/GDN
The AGM is today will start in 20 minutes, 11.30 perth time.
I think MLS are looking great though...could very well run to 10. Not prepared to jump on though because I don't like trading...gives me too much stress
I jumped onto the GDN train mainly because I think its a major discovery and it wont take long to bring the gas on stream..so yeah. Just a waiting game now..like what..2 weeks max? I can wait.
I jumped onto the GDN train mainly because I think its a major discovery and it wont take long to bring the gas on stream..so yeah. Just a waiting game now..like what..2 weeks max? I can wait.
constable said:
Sorry i haven't kept you updated. The logging results were meant to be released last Monday. Casing will be finished by tomorrow and drilling will be on from next week. I still repeat there are a lot of people (close to the company putting big money in this share). I got the funny feeling this thing is really big definitely don,t wont to miss this one. Big day tomorrow as drilling about to start.
