GDN - Golden State Resources

[rosesny_1]

Note that NAPE is an oil and gas E&P gathering where oil and gas exploration companies seek partners/financing for their prospects.

 

[constable]

somethings put a rocket under it!

 

[jtb]

somethings put a rocket under it!

Big orders going through- must be nice to be able to throw 200 grand @ a stock

 

[bigdog]

GDN ASX ann today and SP now down 4.5 cents to 64.5 cents

GDN 10:01 AM Placement & Update on Paradox Basin #1
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00688261

$5.4 million raised by placement at 61 cents

Lost pipe recovery continuing

 

[bigdog]

ASX ann today
GDN 4:24 PM Second Quarter Activities Report
http://www.asx.com.au/asxpdf/20070131/pdf/310r6h8qyq9smk.pdf

Cash on hand Dec 31 $3.1 million with December quarter $3.9 million spent for exploration

But out of trouble with GDN ann yesterday where $5.4 million raised by placement at 61 cents

Jan 30 ASX ANN
GDN 10:01 AM Placement & Update on Paradox Basin #1
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00688261

 

[Accaeric]

hit the bottom of 59 today.
Read to head north :
CK Locke which swallowed latest share placement of 61c, published an analyst report of GDN in June 2006, when sp was 20ish, they rated GDN as speculative buy and targeted $1.00-$1.50, at that time, no gas was discovered.

But so far, they jumped in, definitely, they set target at least $1-1.5.

 

[Wysiwyg]

Hi chris 1984....this Gdn mystery still draw your attention?I like watching the scenario unfold without being financially and emotionally tied.Some days I say...gee you made the right choice not holding them and other days spewing that I didn`t` buy in at the lows.

The elusive Leadville zone hey...more excitement than a Hollywood blockbuster.

 

[chris1983]

haha wysiwyg.

Im watching them. I hope it pays off for the holders. When things started to go wrong it was my time to bail. If things start to go right I might get back in. Theres is still time...its all about getting the timing right...hmm

 

[Accaeric]

Recent drop of sp mainly contributed by dumping exercised shares.

Institutional placement at 7.5% discount of one-month average of 66c, gave an absolutely good sign, because, they are able to access and assess much concrete info, they are not supposed to be purely speculative.
but in short term, it could result in a slight decline in sp. In most cases, sp will decrease after completing placement in a short time. Then it is quite easy to bounce back.

Good luck to holders!

 

[Accaeric]

based on current recovery rate, how long the recovery can be completed?
Keen to hear that from you

 

[bigdog]

ASX today GDN 11:09 AM Drilling Status Report

http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00691236

Still milling lost pipe at 25 feet per day
-- milled 195 feet since last report

GDN advise milling is to be less risky and substantially cheaper than drilling around the lost pipe and hanger

Missing pipe to be milled is not reported

 

[jtb]

Hi chris 1984....this Gdn mystery still draw your attention?I like watching the scenario unfold without being financially and emotionally tied.Some days I say...gee you made the right choice not holding them and other days spewing that I didn`t` buy in at the lows.

The elusive Leadville zone hey...more excitement than a Hollywood blockbuster.

Try being an option holder- my missus just shakes her head...............

Hahahahaahaha

Go gdn

 

[rosesny_1]

ASX today GDN 11:09 AM Drilling Status Report

http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00691236

Still milling lost pipe at 25 feet per day
-- milled 195 feet since last report

GDN advise milling is to be less risky and substantially cheaper than drilling around the lost pipe and hanger

Missing pipe to be milled is not reported

Hello Bigdog. I looked at previous GDN announcements. On 1/10, 742 feet of pipe was left in the hole, after 749 feet was recovered with washover pipe. On 1/30, 246 feet were reported recovered "in last week" and it was reported that the rest of pipe would have to be milled. If 246 feet is all the pipe that was recovered between 1/10 and 1/30 then on 1/30 there was 496 feet left in the hole. As 195 feet has been milled since the "last report" (1/30) the maximum length of pipe left in the hole is 301 feet. Of course more may have been removed between 1/10 and 1/30. What we know now, assuming the 25 foot per day milling rate is maintained, is that the job should be done in 12 days or less, that's by about 2/19/07. Too bad these PRs were not more specific. Of course there could be a few days added to this to trip in and trip out with the mill head.

 

[rosesny_1]

Re: GDN - possible helium in Paradox gas

Per a post on the IV board the Lisbon field contained 1% helium and the Salt Wash field 1.5% helium. It is quite possible that the current GDN well will also contain helium. Per the IV post, pure helium goes for $80/mcf as it is quite rare so it can be an important addition, if it's there, to the economics of a well/field. Since helium is very light even gas shows in the upper reaches of the GDN well should probably be checked for helium by management.

 

[constable]

gdn has all of a sudden got a bit perky

 

[Wysiwyg]

gdn has all of a sudden got a bit perky

A bit of a rally in anticipation of drilling update tomorrow. :batman:

 

[bigdog]

SP up 4 cents this morning

GDN $0.685 +$0.04 +6.20% 14-Feb 10:25:14

Lets hope SP continues in this direction

Assume update report could be issued today!

 

[jtb]

gdn has all of a sudden got a bit perky

Wheres the sell side gone on GDNO?

 

[bigdog]

SP up 7 cents this morning with VG volume

GDN $0.725 +$0.07 +10.69% 1,502,254 shares $1,056,178
16-Feb 10:21:49

Normally ASX ann are early in the morning, but not today!

Date------Close---Volume

14-Feb-07 0.645 1,567,009
13-Feb-07 0.645 1,186,646
12-Feb-07 0.615 444,670
09-Feb-07 0.615 236,297
08-Feb-07 0.610 593,900
07-Feb-07 0.605 893,281
06-Feb-07 0.615 543,371
05-Feb-07 0.615 454,438
02-Feb-07 0.605 1,252,710
01-Feb-07 0.590 1,775,406
031-Jan-07 0.605 1,875,175

 

[jtb]

SP up 7 cents this morning with VG volume

Interesting to see the buying coming from off screen too, little depth but orders keep going through.

Go GDN