Geoff Im looking for circa £1 on these irrespective of Germany. Eagle in the USA could really bring home the goods here and no matter what way it goes I don't see any news from Germany before the USA. £1 would only represent a market cap of circa £28m on the expected production of Eagle. Given the fact that Chaco with same reserves potential share and no drilling/production yet and capped at £33m and Global Energy circa £90m on 1800 boepd (gas and oil) and similar reserves at present to the Eagle oil project potential.
The German well may only reach target depth by mid January and logging etc would take place etc. With only 14 days to the target depth in the USA into the Gatchell sands and the same oil bearing zone as before, both projects could be running simultaneously (if Eagle is commenced early January as expected) as far as results/progress goes.
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