Does anyone know the chance of success on the Giant Welchau prospect? From what I can understand the trap type closure has been successful in the vicinity and it's up dip of a successful hit in 1989.
I think there is value here with Anshof - 2 to increase revenue. They've got $5m in bank which pays for the Welchau opportunity hopefully drilling does happen before end of year. Just trying to decide whether should exit Melbana completely
up to 800 bcf of gas in Austria would be an amazing hit if it comes in maybe a surge to $1 a share wouldn't be out of the realm of possibility.
cheap as chips, page-178
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