re: vermilion #1 not a failure Miningnut,
PSA's about a $100m company, right ?
So $35m from Vermillion should represent about a third of their value.
Given that the US NG market doesnt seem to be heading south any time soon, I think it can support a rate of about a buck.
Thats if nothing more comes out of Vermillion ... but lets face it, it's pretty rare for the secondary target to come through if the primary target is dry.
Ian Whitchurch
