skyrocketer,I have just found out that the Povorotnye well they...

skyrocketer,
I have just found out that the Povorotnye well they are about to redrill flowed at up to 16mmscf per day before high pressures caused the well to be shut down.This well has never been produced since the 1980 s when it was drilled.
It is a fair assumption then that the 1A well when drilled with a modern western rig may well flow @ 10mmscf per day or greater.
Lets assume 10 mmscf per day is achievable this would equate to revenue of about $40 million per year .Consider this:
1. The MC of GDN is currently only $20 million
2. They know they will find gas and that it will flow between 5& 16 mmscf per day.
3. There is a processing plant 10 km away that has 35mmscf processing capacity
4. There are no environmental impediments to the project
5. Gas price is quite high in Ukraine where there is a gas shortage
6.They have the ability to fund their first well
7. Production could be as soon as July this year.

Why is the sp so low ? this stock can easily be 10 or 20 cents by July.
Compare it with the likes of Hawkley also operating in the Ukraine.

DYOR.
The above is a summation of mine and convinces me to talk to the misses about hocking the kitchen sink on this one