Peter Strachan of Stock Analysis in report dated March 22, 2006 and posted on GDN web site said then when gas prices were weaker: "Discovery of 440 Bcf of gas by this $10-12 million well would be worth about $10 a share"
At this stage, 440 Bcf is guaranteed to be conservative because no production test and no step out wells given seismics were only 2D and never 3D.
Leadville etc will put the cream all over the whiskers if it is a winner.
Peter Strachan of Stock Analysis in report dated March 22, 2006...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)