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Additional Information
Market:ASX
Sector:Oil and Gas Exploration and Production
EPIC:GDN
Latest Price: 0.02  (0.00%)
52-week High:0.02
52-week Low:0.01
Market Cap:18.54M
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Golden State Resources Full Golden State Resources profile here

Golden State Resources (ASX: GDN) is primarily focused on oil and natural gas exploration in the USA and Ukraine

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Golden State Resources appoints local technical expert support for Paradox Basin

Monday, February 28, 2011
Golden State Resources appoints local technical expert support for Paradox Basin

Golden State Resources (ASX: GDN) is boosting the company's knowledge resources by appointing a local service provider in the United States to provide expert advice on the complex nature of the Paradox Basin.

Golden State said the provider is available and willing to supply the required services such as geological technical and development support, including economic evaluation study expertise.

This expertise is necessary to determine the economic viability of current wells to meet Bureau of Land Management requirements.

The Paradox Basin houses 171 oil and gas fields containing an estimated recoverable reserves of one billion barrels of oil (BMbo), or six trillion cubic feet of gas (Tcf) equivalent.

Over its history, the Paradox Basin has produced 500 million barrels of oil and 3.5 trillion cubic feet of gas.

Providing encouragement in the basin for Golden State, is the Golden Eagle Prospect which the company said has been described as a geological ‘look-alike’ to the largest producing fields.

In another change at Golden State, Rick de Boer has resigned as geologist and executive director.

 

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