daytrades dec 8 afternoon, page-146

HOG: One to watch from now on:

Here is an estimate of the revenue potential after VAT and a 3% discount on gas sales for the Sorochynska well #201 in the Ukraine. This equates to A$47.25m using today's A$/US$ exchange rate.

Note that my estimates are for revenue only and they do not take into account any operating costs. Based on these numbers you can impaine how good this field will be if it can sustain another well. Reserve upgrade late this month or early next combined with commencement of production. HOG has outstanding potential in my opinion.