GDN 0.00% 1.7¢ golden state resources limited

quarterly activities report, page-2

  1. 4,734 Posts.
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    I have posted many times re the great potential of the Paradox Basin (sharemadder has too).
    This from the quarterly lodged yesterday....
    Paradox Basin #1 was drilled to 16,471�f (5020m)
    reaching total depth in the Cambrian Lynch
    Dolomite. The well produced gas on test and is
    currently suspended AS A FUTURE PRODUCER. STRONG GAS SHOWS ARE PRESENT IN 31 ZONES 0VER A 9000' INTERVAL, INCLUDING 7 SIGNIFICANT ZONES WITHIN THE PENNSYLVANIAN AND MISSISSIPPIAN SEDIMENTS.
    INDEPENDANT log analysis of Paradox Basin #1 confirms MOVABLE HYDROCARBONS ARE PRESENT AT NUMEROUS LEVELS.
    Paradox Basin #1 Shut�]in Production Well

    Mechanical issues associated with the casing hanger, CAUSED BY THE CONTRACTOR, resulted in the
    requirement to ream cement for 4 months. During which time, the Cane Creek and Pinkerton Trail
    zones, WHICH HAD ORIGIONALLY DEMONSTRATED FAVORABLE RESERVOIR QUALITY, were exposed to salt and over
    pressured drilling fluids which is likely to have DAMAGED THE WELL.
    The Barker Creek gas zone at 12,562�f had PERSISTANT shows for a further 1000�f, presumably implying
    good reservoir, HOWEVER AS THE ZONE WAS NOT CEMENTED NO VALID TEST WAS POSSIBLE. VALID TESTING OF THE PRIMARY OBJECTIVE LEADVILLE LIMESTONE WAS ALSO PREVENTED PREVENTED DUE TO DAMAGE OF THE LINER AND LACK OF ISOLATION FROM THE OVERLYING SALT.
    Spud baby spud.
 
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