This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

GDN - Golden State Resources

Jump to new
Still no announcement .... they should be in by now ... unless they got stuck again .. ha ha ....
 
Yeah...was waiting for an announcement today and nothing came out....hopefully tomorrow will have good news. If they manage to get 50BCF, how much will the share worth?
 
ongchuan said:
Yeah...was waiting for an announcement today and nothing came out....hopefully tomorrow will have good news. If they manage to get 50BCF, how much will the share worth?
Click to expand...

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
 
What a crappy start for the day....however,seems like lots of buyer queuing up and not much seller. Are they waiting for the results?
 
ongchuan said:
What a crappy start for the day....however,seems like lots of buyer queuing up and not much seller. Are they waiting for the results?
Click to expand...


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!
 
Yeah...small fish like me are nervous ...hahahaha...but i m still holding tight to it...wont repeat the same mistake as in NIA...
 
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?
 
I am just part time investor...hehee...but i m quite sure they will get something big down there. It is just the timing. It take so long for them to finish all the drilling and cementing stuff...
 
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....
 
ongchuan said:
I am just part time investor...hehee...but i m quite sure they will get something big down there. It is just the timing. It take so long for them to finish all the drilling and cementing stuff...
Click to expand...

I hope you're right!!!
 
Hopefully the price is consolidating between 1.10 to 1.15. Then can shoot up further. Otherwise if they keep shooting, i m sure they will get the speeding ticket too.Hahaha..let's wait for the good news.
 
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.....
 
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.....
 
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.
 

Attachments

  • GetGif.gif
    9.8 KB · Views: 131
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.
 

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!
 
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.
 
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...
 
$1.20 is heavy resistance. Never stay above $1.20 for more than half an hour. Wondering why ppl want to sell at $1.20.Hmmm
 
You must log in or register to reply here.

Similar threads

January 2025 DDD
5 6 7
Replies
129
Views
9K
divs4ever
RAP - Raptor Resources
Replies
1
Views
715
Dona Ferentes
February 2025
2 3 4
Replies
63
Views
6K
qldfrog
August 2024 DDD
2 3 4
Replies
75
Views
20K
ducati916
April 2024 DDD
3 4 5
Replies
98
Views
10K
ducati916
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...