GDN - Golden State Resources

[DAZT49]

maddy,
re upper ismay..lets hope around another 2mmcf/d of treasure lol.
The ann said 300Mcf/d, is that for EACH of the 3 levels in ismay ?

 

[sharemadder]

I believe that the three levels in the upper ismay flowed combined flow 0.3mmcfd after perferating the casing. What they are flowing now after fraccing only JH and co know but I bet you its a lot more. I really can see a announcement on Monday as that would be about 80 hours flow time which would most likely be more than enough time to establish the after frac flow. But they may flow each upper ismay interval, time will tell. I remain positive it will be good

 

[DAZT49]

Sharemadder,
i posted your email message from JH on HC, hope you dont mind.
First 20 mins from market open looked good, under pressure now.

 

[sharemadder]

Datz49

Its all good - that's what these forums are for.

Nice start to the day. Next week's news is what I am hanging out for

Cheers

 

[DAZT49]

Seems like we have been saying 'next week' for a year now...hang on...we have lol
Actually GDN is the least of my worries atm I have some BMN, and they have been smashed too, $3.90 a couple of months ago $1.4 atm.
I would love to sell em (only got 14k) and maybe pump the dough into GDN ..IF they can give reassurance of the 440BCF/3TCF reserve. I am not so worried about flow rates at this stage (except for Para 1!!) as they can horizontal drill on future wells if need be.
To quote you..
Gas flowing = the project area is productive.
daz

 

[moses]

GDN is showing some great signs of being a bottom pick today. The Neilson SMA chart shows a very significant increase in buying pressure.

 

[sharemadder]

Plenty of support today at around 11c. Nice close which was good to see. Hopefully we have a full honey pot next week. Still I am amased it has dropped below the predrill SP by more than 100%. Need some good news next week on any front to keep the support there. Cheers all for a relaxed weekend.

 

[DAZT49]

cheers maddy,
Be nice to get away from the screen for a while with a more positive outlook for next week for GDN.
two of my sons are playing guitars in a blues gig on Sunday, Clapton,Hendrix, Gary Moore, BB King etc ..gunna get blasted at that one.
good weekend everyone
Daz

 

[sharemadder]

Datz49

Looks like your gos on mid week ann might be spot on. No ann today so mid week it must be. Nice start to the week with GDN seems to found its bottom and now SP climbing up. Ismay be a sweety and spill ya guts :jump:

 

[DAZT49]

lets hope so for the ann,tho then again, given GDN's past..the ann could be xmas lol
Seems the US Fed reserve has taken steps to halt the slide, but I reckon the DOW is gunna fluctuate for some time yet
Anyway I am enjoing seeing a bit of green for a change.

 

[sharemadder]

Must be drawing up a announcement now. On the 16th August they declared fraccing had been successful and uploading frac fluids. Upload fluids over 24 hours (?) and then have 18th to 21st of August to flow test. SP holding up ok.

 

[DAZT49]

madbugger,
Hope its soon, I am worried that they have to get another 1.2mmmcf/d out of the ismay to get into the pipeline. But, as I have said before,they must know what they have got and it must be ok or why continue with the testing.
Holding on to that 14c..you go girl!!

 

[sharemadder]

Datz49

Midweek ann today? Any more gos on whats the go for an update plus U JV etc. I thought there would of been something first up this morning. Cheers

 

[DAZT49]

Maddy,
Looks like my gos was just that!!
Just shows that even 'sources' close to the action can get it wrong too.
Still could happen today of course, just wish it would happen NOW.

 

[sharemadder]

I fear that unless they announce soon all the good gains the SP has made lately will disappear yet again. Down to 10c again. I cant see why they need to bundle the announcements. A drill update will suffice.

 

[DAZT49]

Sp is holding up ok, support at 12c-12.5c.
The ann IS coming, that much we know...with....
Results of Para 1.?
Pipeline update?
Para 2 commencement?
Oil column details?
U spinoff entitlement date.?
U spinoff float date?

 

[sharemadder]

Well maybe today will be the day. if they ann on all the stuff that you say (?) Datz49 then would be a very interesting announcement. I see the HC crowd throwing punches at GDN again this morning LOL. I wonder if we will get teh announcement before open?

 

[DAZT49]

Gidday sm,
I dont understand why, if they dont hold, and have no intention of buying, why they would waste their (and our) time posting.
That was my 'dream list' for the ann maddy lol
It would great if it came before open thats for sure.

 

[sharemadder]

Datz49

Are you able to talk to your source today and get a update on what's the go. I am sure they will provide some update today but if they dont then why the delay? Questions so many questions.

 

[DAZT49]

ok will give it a bash.
SP looks pretty safe today, cant see it dropping more than a cent , looking at the buy side. And maybe up a cent,1.5 cents