Golden State Resources
Full Golden State Resources profile here
Golden State Resources (ASX: GDN) is an ASX-listed public company with headquarters in Perth, Western Australia. Floated in 1996, the Company is primarily focused on oil and natural gas exploration in the USA and gold projects in the Eastern Goldfields region of Western Australia.
Golden State Resources back on track at Paradox Basin # 3
Monday, March 22, 2010
US-focussed oil and gas company Golden State Resources (ASX: GDN) has updated progress with drilling operations at its Paradox Basin # 3 production well, its third well on the Golden Eagle Gas field in the highly productive Paradox Basin region of Utah.
The well is currently at 10,680' and is running back in hole after replacing the mud motor. The well was approximately 160’ above the original anticipated depth for the Upper Ismay Formation when the mud motor failed.
Since the last report a trip to replace the telemetric system was also required. The Ismay Formation is expected in the next 250’. The company said drilling will recommence later this morning.
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