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.
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