Exactly as planned they have made a major discovery. Every prediction they forecast has come to fruition regarding this well.
In the next seven days if that trend continues then they will have discovered 800 BCF of gas. In the ground estimate by my calcs. for central Europe would be around $US800,000,000 or roughly $1.2 billion Aussie.
Given 75% is coming our way with SOI at 430M that is over two bucks a share!!! Even if you halve that amount to a dollar per share, I think 14c is a bit light on for a major discovery of potentially 800 BCF of gas.
Ann: Welchau-1 Well Discovers Condensate Rich Gas, page-15
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