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GDN - Golden State Resources

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If I remember correctly, you and Sharemadder appeared last time GDN was in decline, pushing how wonderful it all is. Holding a faint flicker of hope something out of the normal will happen.
 
wisywig,
No beef with you but..
Whats yr point?
At least I try and back up my posts with some kind of rationale.
Apart from slagging off at management a couple of years ago I have never doubted the potential of the Paradox Basin.
cheers
P.S. Sharemadder and I were right all along too, just look at what is happening.lol
 
Well after re reading all the posts again here on asf from xmas - reminds me why i never bothered to post here even when Para 1 was underway.

Day traders whinning and patting on the back, gonna do this gonna do that, o yeah my fav - para 1 being a duster, plus more nonsense of Para 2 not going to even start drilling. LMAO. Surprised there is no mention of the oppies not being converted in time, seeing as ppl posting they sold out before 20c heads has arrived.

With all GDN's failings combined previoulsy and the chit calls made by others here and HC - now look where they are.

Interesting times ahead of us over the next 4 weeks - If things continue to go smoothly and this overall well does become commercial - i would be expecting GDN to be producing this year. (doubt August despite being ahead of schedule).

Good luck to those with the balls and sense to be holding.
 
wkts,
Exactly what I mean by drivel.
But you do get some good info on these threads in spite of the endless dramper/ramper goings on.
I get sucked into them because I cant stand those "its a duster" "they went fishing and didnt tell the ASX' posts..I just have to have a go back at them, cant help myself...and then I get cranky at home lol
I will stick with my July for production, its my birthday in early Aug and I will be having a ripper if that happens.
 
Wysiwyg said:
If I remember correctly, you and Sharemadder appeared last time GDN was in decline, pushing how wonderful it all is. Holding a faint flicker of hope something out of the normal will happen.
Click to expand...

Dazt49 has been grounded for a few days at Hot Whoppers, thats why he is here telling us about this wonderful well they are drilling.
 
PILOTS,
Re fishing at start of Para 1.
Dont talk in riddles, what are you talking about?
I came across to ASF because I thought I would get some intelligent conversation.
 
D49, in the drilling game when we have dropped, lost, fell off, or have left something behind in the well, we have to retrieve it, what is down the hole no matter what it is, is allways called a fish, so when we are retrieving it we call it fishing.
Now on the first hole, at the start, they ran the cones off the bit, they had to fish them, WHEN WAS WE TOLD OF THIS IN AUSTRALIA?????
This would have been a price sensitive announcement in any other drilling company.
Now how can you say I am talking in riddles, all of you drilling people at GDN know every thing about drilling that Google has ever posted on the web site.
I not that a lot of your EXPERTS are comparing the well to wells up to 60 Miles away, mate I can tell you from experience you cant compare two wells that are half a mile apart.
 
DAZT49 said:
PILOTS,
Re fishing at start of Para 1.
Dont talk in riddles, what are you talking about?
I came across to ASF because I thought I would get some intelligent conversation.
Click to expand...

I am so sorry, you said you came over here for some intelligent conversation, I thought you came over here because you was grounded for a few days on Hot Whoppers.
 
G'day Pilots, hope all is well.
Good posting here by you. Please keep it up
I bet you are enjoying this!
 
Mod note - any topics not discussing the stock itself (not whats happening on other forums) will be removed.
 
ASX ANN today -- PILOTS help with the analysis of the numbers!

There was not much market reaction to this ANN!!!
SP 0.145 +0.005 +3.57% 3,429,304 shares $489,877 @24-Apr 12:42:25 PM

24-04-2009 09:43 AM GDN Paradox Basin No 2 Update
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00946613

DRILLING STATUS REPORT – 24 APRIL 2009
Paradox Basin #2 Well, Grand County, Utah

Paradox Basin #2 has encountered a significant gas show of 562 units in the Barker Creek Formation from a background of 30 ‐35 units to a peak of 562 units over the interval 12,404’ to 12,418’. The described lithology is clean microcrystalline limestone with dark gray dolomitic shale and medium to coarse grained unconsolidated sandstone with good Porosity.

Paradox Basin # 2 is currently drilling ahead at 12,450’ (3794.8m)

The look ahead is to continue drilling in the Barker Creek Formation to the next planned casing point at approximately 12,800’

Electric logs will be run prior to casing and these will further evaluate significant gas shows in the Ismay, Chimney Rock and Barker Creek Formation. The Barker Creek show has traces of oil fluorescence with a yellow/green cut
 
I think Pilots has been busy on another site.
Hopefully we will get an update this morning, confirming that they are ready to do the encasement.
Even if they report more gas shows I doubt the SP will move as it should.
Fingers crossed anyway.
 
ASX ANN today

No SP reaction to this ANN
GDN 0.14 0.000 0.00% 775,700 shares $109,548 @ 27-Apr 10:27:21 AM

27-04-2009 09:16 AM GDN Paradox No 2 Update
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00947023

DRILLING STATUS REPORT – 27 APRIL 2009
Paradox Basin #2 Well, Grand County, Utah

A new significant gas show has been encountered in Paradox Basin #2. Cuttings gas increased from a background of 70 units to a peak of 1,483 Units. Show 10 occurs in possibly fractured limestone, dolomite and sandstone over the interval 12,462’ to 12,503’ (3798.4 to 3810.9 m)

Golden State Resources is pleased to announce effective completion of the 8 ½” section through the Upper Pennsylvanian

The well is currently at 12,920’ and is finalising the 8 ½” section to 12,951’ prior to conditioning for logging operations. Logging will further evaluate the ten zones with significant gas shows in the Upper Pennsylvanian.

Logging operations will include an MDT run to appraise formation permeability, evaluate formation pressures, and to collect gas samples.

On completion of logging the well will be cased with 7” pipe prior to drilling the Lower Pennsylvanian and Mississippian sections.

Operations continue to exceed the drilling schedule and are ahead of the planned drilling curve. Remaining operations are scheduled to take approximately 30 ‐ 40 days depending on results in the lower sections.
 
bigdog,
Amazing isnt it?/
The oppies have actually gone down
Its gunna have to go soon if they want the oppies to be in the money.
 
DATZ49

Can you please explain the options senario?


DATZ49 stated:
"The oppies have actually gone down"

"Its gunna have to go soon if they want the oppies to be in the money."
 
bigdog,
Price of GDNO went down this morning, they are back to square now.
Is that what your query was??????????
 
Dont know what it is going to take to get this thing off the launchpad
With no real ann due till they start drilling again after the casing, the SP could be sideways for a while yet, and then the oppies are going to look very shakey if it doesnt take off.
Hopefully the logging results for those 10 zones will come up soon.
 
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