Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Golden State Resources hits more gas in Utah production well

Utah-focussed oil and gas company Golden State Resources (ASX: GDN) has recorded significant gas shows during drilling at the Paradox Basin #3 production well in Utah.

Over the interval 11,765 to 11,785’ in the Pennsylvanian Ismay Formation, gas levels reached a healthy 3098 units from a background of approximately 50 units.

Rick De Boer, executive director of Golden State said today the zone may extend further as drilling was stopped at 11,784.88 feet to condition the gas cut mud.

The mud weight decreased from 8.7ppg to 8.6ppg as a result of high gas cut.

The well is expected to reach it total depth of 12,000 feet later today.

Logging is expected to commence on Wednesday and should take approximately 1 day. Logs will be sent to RPS Energy for preliminary petrophysical evaluation to confirm the presence of gas.



Disclosure: The author holds no positions in the company