anyone following?, page-3

I agree that it is high risk but no more that many other wild cats wells. ie approx 1 in 10 probability. By my calculations, the 440 Bcf Golden Eagle prospect would be worth nearly $10 per share (assuming gas price of nearly $4/Mcf. My risk adjusted value is 94c per share. So even if the market only recognises half of that value, we should see a run up to the 50c mark prior to drilling. Perhaps sell half at that point and see what happens. Such a stretegy means you lose nothing and have everything to gain. Certainly a speculative buy.