GDN - Golden State Resources
- Thread starter chris1983
- Start date
1 TCF = $1 billion dollars value
Total GDN shares aprox 200 million (inc options)
So 1 TCF = $5 per share
so 50 BCF = 0.05 TFC = 0.25c
but this doesnt include what the rest of the reserve holds
so figure from there ... i think these calcs are correct ... if not .. then sorry hehe
correct me if im wrong
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min. vol 4 such an important announcement. My take is all the smaller investors are getting nerv. and r taking profs. i would say there r mega numbers sitting on the fence playing the waiting game.......waiting.......waiting.............
Confidence creeping back last $1.11....happens everytime!
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More conf. creeping back. If it can hold these levels for a period, price is where mkt believes it should be. I am very confident in this one and believe all the signs r right.
Are u a live trader?
Are u a live trader?
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Starting to get cold feet on this now.... assuming drilling ahead at about 100ft per day the well should be well and truly into the leedville limestone....
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A bucket of warm water should fix that........
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I hope you're right!!!
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Trying to figure out realistic timing on this to see whether the project should still receive the benefit of the doubt.... from Monday's report drilling at say 100ft/day they should be 200ft into leedville by now .... the drilling mud needs to circulate any gas shows out (i.e. whatever is above background levels - which could be climbing slowly) 4.7km's to surface say 6hours - that depends on pump size/rate... arghhh.... whatever the consensus of the market was definitely wait and see.... good luck tomorrow.... hope there's a trading halt at 09.54 am EST.....
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If this proves to be dry those big holders are going to go down the gurgler with the rest of us... time to get ready to buy in when it drops thru' the floor..... reckon the secondary targets will add up to some respectable value after testing whatever happens with this main target.....
Wysiwyg
Everyone wants money
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I have a rising interest in chart patterns.I have been searching for any meaning to what I see as a broadening of the trading range.This stock was fundamentally driven to the heights shown last year and along the way patterns are formed which I find interesting.The volume is less than previously.Fate...you seen this pattern before?
Does anyone have an example of this or is it just an odd, random or insignificant pattern or just me creating something out of nothing?I`d be interested to know.
Does anyone have an example of this or is it just an odd, random or insignificant pattern or just me creating something out of nothing?I`d be interested to know.
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I have no idea bout this chart but I guess if the SP closed below $1.10 then it will be a gone case. The trend will shift to reverse gear and go down. So hopefully the announcement will come out really soon. Maybe tomorrow morning (hopefully). Then it will has the chance to go up more. Expecting a new high. Maybe 1.30 or 1.50.
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Hi What you see... I don't do much tech analysis at this end... more of a fundamentals type...(with no claim to any expertise!).... but whatever, the announcement's going to cause a breakout up or down.... if it's positive news, looking at other explorationists, reckon the SP will go to 20% of expectation i.e. 20% of $10 - so $2 without too much hesitation..... if it's negative then it'll collapse below 60cents but then recover to that level pending news on production testing of the secondary gas intervals.... i've already made the move and sold off some of my holding - reckon i'm a bit more wary than most - you don't go broke taking a profit!
bigdog
Retired many years ago
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19-04-2007 09:03 AM GDN Drilling Status Report - 19 April 2007
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00712602
This ANN was earlier time than in the past!
Last report of April 16 was at 15,531 feet and now 15,756 (plus 225 feet in three days)
-- drilling is certainly underway!
Drilling Status Report – 19 April 2007
• Paradox Basin #1 oil & gas well, Grand County, Utah, is at 15,756 feet
(4,802 m) in the Mississippian Leadville Limestone Formation, the
well’s primary objective, and drilling on with increasing background gas
levels.
PARADOX BASIN #1 OIL & GAS WELL, UTAH USA
Golden State Resources is pleased to announce that drilling at the Paradox Basin #1 oil & gas well is proceeding satisfactorily.
Paradox Basin #1 is at 15,756 feet (4,802 m), in dolomitic limestones of the Mississippian Leadville Limestone Formation, the primary objective of the well. The top of the Leadville was intersected at 15,573 feet.
The well is drilling ahead at 6⅛”. Background gas levels have been increasing progressively, now averaging 100 units, an encouraging trend as porosity increases into the Leadville Limestone.
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00712602
This ANN was earlier time than in the past!
Last report of April 16 was at 15,531 feet and now 15,756 (plus 225 feet in three days)
-- drilling is certainly underway!
Drilling Status Report – 19 April 2007
• Paradox Basin #1 oil & gas well, Grand County, Utah, is at 15,756 feet
(4,802 m) in the Mississippian Leadville Limestone Formation, the
well’s primary objective, and drilling on with increasing background gas
levels.
PARADOX BASIN #1 OIL & GAS WELL, UTAH USA
Golden State Resources is pleased to announce that drilling at the Paradox Basin #1 oil & gas well is proceeding satisfactorily.
Paradox Basin #1 is at 15,756 feet (4,802 m), in dolomitic limestones of the Mississippian Leadville Limestone Formation, the primary objective of the well. The top of the Leadville was intersected at 15,573 feet.
The well is drilling ahead at 6⅛”. Background gas levels have been increasing progressively, now averaging 100 units, an encouraging trend as porosity increases into the Leadville Limestone.
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well.... it's looking like it can't be 3Tcf... my rough calc says it could still be up to 1.5Tcf... hopefully the porosity improves... 150ft of good quality reservoir will probably give us 440 Bcf...i.e. expectation... fingers crossed as they drill deeper...
