Morning Geoff C, I suspect that the german drilling will reveal some kind of result, considering that in this particular licence, there is definitely gas in the deep coal. No doubt this well has been positioned from best possible analysis.
and from the update:
....the primary objective of the Glantal-1 well is to test seal integrity of
sediments that overlay the massive Pfalzer Anticline and then assess the
potential entrapment of gas in three targeted thrust sheets that have been
interpreted to host potential gas reservoirs.....
( 3 bites at that cherry!)
At least there is also the fallback on the US activities, which to me are more central, ( so far anyhow!)
and the market cap allows some forgiveness if one of the two projects did not work out.
H.
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