target price of $1.03, page-4

Thanks for that info Dixelee
(and thanks for the wishes for my boat)

I think $1 is a realistic target for the short term after drilling of first two wells unless no conventional targets are hit.

If we hit a conventional O&G trap, then it will be totally different, much higher price can be expected. It would depend on what was found, would need appraisal wells to determine the size of the resource, etc. However market specualtors would take the sp to very high levels as you may guess.

We will understand when NSE management released more detailed technical data regarding to Nicolay Location that we are targeting conventinal traps or not. They have given very little technical info so far. (not happy for that)