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GDN - Golden State Resources

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Bob,
Love your work.:eek::p::eek::eek:
Question is, if it were dry, why would they bother testing the remaining zones?
The wierd thing is Barker creek was announced as a 'Major' gas flow, whereas the upper zones were just 'gas shows'.
They are hoping that the accumulated amount for all zones will make it commercial.
Then there is the unknown Oil in the equation as well.
Hopefully we will have the fracc results by Friday!!
Hold and Hope.
 
If the results on Friday (hopefully) come out with COMMERCIAL in big type,
it will be cld VB's for me, and lots of em lol:D
 
have been looking at these guys for a while

is anything they have commercial yet?

mgt dont seem to be entirely forthcoming from my observations. i first looked at them around $1 but held off. they are now 27 cents!

apparantly the uranium they have is not much either, i would like peoples opinions on this stock.
 
i bought in again, dont know why but i've also got a feeling about this one. there you go datz49 - one bloke thats willing to admit he's bought against the trend,.
 
There was (IMO) some manipulation of GDN yesterday, a 1.9 mill sell order was shuffled up and down a cent or two above the market, always 10 -15 orders away happened many times during the day. Also a similar order of 300k on the buy side. Both orders dissappeared at close of trade.
Watch for them today in your 'depth' charts.
If you on HC too you would have seen it.
Heard it explained as the 1.9 seller trying to panic other sellers and actually buying as they got out . The 300k, probably the same guy or cohort, squeezing up from buy side.
Very interesting to watch..like a circling shark.
 
DAZT49 said:
There was (IMO) some manipulation of GDN yesterday, a 1.9 mill sell order was shuffled up and down a cent or two above the market, always 10 -15 orders away happened many times during the day. Also a similar order of 300k on the buy side. Both orders dissappeared at close of trade.
Watch for them today in your 'depth' charts.
If you on HC too you would have seen it.
Heard it explained as the 1.9 seller trying to panic other sellers and actually buying as they got out . The 300k, probably the same guy or cohort, squeezing up from buy side.
Very interesting to watch..like a circling shark.
Click to expand...

Do you reckon it is MBL :confused::confused::confused:
or is it just a coincident that they have about 1.9 mill shares????:eek:
 
Dont know about MBL bobby.
It was suggested that it was a dummy offer, that the guy didnt have 1.9m tho I dont know how you could place an order like that.
Got a LOT more shares than me anyway.
Keep an eye on it today and see if he/her pops up again.
Hanging out for the next ann
 
DAZT49 said:
There was (IMO) some manipulation of GDN yesterday, a 1.9 mill sell order was shuffled up and down a cent or two above the market, always 10 -15 orders away happened many times during the day. Also a similar order of 300k on the buy side. Both orders dissappeared at close of trade.
Watch for them today in your 'depth' charts.
If you on HC too you would have seen it.
Heard it explained as the 1.9 seller trying to panic other sellers and actually buying as they got out . The 300k, probably the same guy or cohort, squeezing up from buy side.
Very interesting to watch..like a circling shark.
Click to expand...

Hey Datz I don't know if interesting is the word I would use, but yes that #$@# has been hovering around for the last 2 days like a very bad smell. Hopefully today the s/p will have a better chance to dig itself out of the dark waters it has been in without the interference of manipulation.
 
LetItRide,
yeah be nice to get him out of the way, but I guess it goes on all the time.
How do you think the SP will go today? Reckon its just going to drift until the ann.
Its a hell of a ride isnt it??
Dazza
 
DAZT49 said:
LetItRide,
yeah be nice to get him out of the way, but I guess it goes on all the time.
How do you think the SP will go today? Reckon its just going to drift until the ann.
Its a hell of a ride isnt it??
Dazza
Click to expand...


Mate if it holds around 28c today I'll be content. Yeah hopefully(wishful thinking) there will be some new blood in until the next announcement. Management on this one are really unbelievable with all this is going down no wonder the guy is overseas. Lets hope he's overseas in the interest of his shareholders and not just his own. :banghead:
 
The manipulator is at it again today. Now has two 850,000 parcels.
Hang on...he has gone again.
Keep an eye on your buy/sell depth.
 
Bob,
Havent seen it for a while, it was reported to the ASX on another forum, seems like they may have gotten rid of him.:D
Dazza
 
Looks like the stock has bottomed out
At least until the next ann:banghead:
Still an almost endless supply of sell orders at 28c
We just have to wait for lift off a little longer:D:D:D

Meantime another stock AQD is worth to research IMO:)
 
Hi, i was just hoping does anyone know how they could calculate a estimate in bcf amount of gas once flow tests have been done?

The 0.2mmcf is a small flow rate for getting cash for the gas each day but does that mean only a small amount of gas in a bcf number would be productive too? Could there be a large amount of gas just takes very long time to produce it?

Also 5mmcf is the minimum they were aiming for in total to get $30 000 a day and 8.3mmcf would get gdn $50 000 a day for gas sales?

They increased the upper barker creek interval which they are testing at the moment from a 16 foot interval to a 35 foot interval. If this flows at a better rate then the lower barker creek to 1-2mmcf how much of an affect would it have on the share price?

The last 9 months it has traded above the current price so i would assume there would be atleast a 100 million shares or more that had been purchased above the current share price so a lot of people would be holding losses at the moment and in last 4 days only 30 million has been sold and bought so leaves a lot of people still holding shares at above current prices including the 28 million options that got converted last week plus the 13 million abouts that were issued through the 2 placements.

The small volume the last 2 days compared to monday and tuesday suggests there are a lot of people holding for better news, if this was to come out anywhere from 1-5 mmcf could we see 60-80 cents or higher since gdn when starts to move does move very quickly from low prices.

What would be the minimum flow rate needed to say the well is commercial? If they do say its a commercial well could we assume they would have a minimum of 50bcf?

Thanks.

Any thoughts would be appreciated.
 
nt,
the origional prospectus and report by CK Locke specified a minimum of 50BCF required for the well to be commercial. With 440BCF mid range target and possible upside 3TCF.
They have indicated the well IS commercial, so do we assume they have 50BCF??
If it IS true why havent they announced it???
 
This just in from elsewhere :D

Seems like Wetherford's case against Golden Eagle has been dismissed...thats $940k USD in the kitty...kerching!!...come back here kitty...what else is in you..??!!

Filed 11 July 2007 - good luck to holders

John P. Harrington, (Utah State Bar No.5242)
Michael N. Thatcher (Utah State Bar No. 11276)
Matthew C. Droz, (Utah State Bar No. 10741)
HOLLAND & HART LLP
60 E. South Temple, Suite 2000
Salt Lake City, Utah 84111-1031
Telephone: (801) 799-5922
Fax: (801) 364-9124
Attorneys for Plaintiff
Weatherford U.S., L.P.
IN THE UNITED STATES DISTRICT COURT
FOR THE DISTRICT OF UTAH – CENTRAL DIVISION
WEATHERFORD U.S., L.P., a Louisiana
limited partnership
Plaintiff,
v.
GOLDEN EAGLE EXPLORATION, LLC, a
Delaware limited liability corporation
Defendant.
JOINT STIPULATION AND NOTICE OF
DISMISSAL
Civil No. 2:07CV00343
Judge Dale A. Kimball
Pursuant to Rule 41(a)(1)(ii) of the Federal Rules of Civil Procedure, Plaintiff
Weatherford U.S., L.P. (“Weatherford”), by and through its attorneys of record, HOLLAND &
HART LLP, and Defendant Golden Eagle Exploration, LLC (“Golden Eagle”), by and through its
attorneys of record, SNOW, CHRISTENSEN & MARTINEAU, hereby jointly stipulate that (1)
Weatherford and Golden Eagle are the named parties that have appeared in this lawsuit; and (2)
all claims, causes of action, counterclaims and any other disputes arising out of the Amended
Complaint shall be dismissed without prejudice.
Case 2:07-cv-00343-DAK Document 10 Filed 07/11/2007 Page 1 of 2
WHEREFORE, this pleading shall constitute Notice of Dismissal without prejudice of
the above captioned lawsuit.
Dated this 11th day of July, 2007.
/s/ John P. Harrington
John P. Harrington
Michael N. Thatcher
Matthew C. Droz
Attorneys for Plaintiff
Weatherford U.S. LP
/s/ David W. Slaughter
Max D. Wheeler
David W. Slaughter
Attorneys for Defendant
Golden Eagle Exploration, LLC
(Signed by Filing Attorney with permission of
Defendant Attorney)
3734493_1.
 

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