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ZENGAS - Tue, 03 Jan 06 :

thebuddha VOG were once in this position too with nothing proved. They all have to start somewhere.

With gas prices in the USA at circa $11 and oil at $60 and a previously producing vertical well 233bopd + 880k cu-ft gas/day (at less than $15/b good few years back - uneconomical price).

Thunders - Russia does need the gas and specifically in that area where VOG have West Med. The liklihood of condensate will be in much bigger demand than the gas!

Gas in the USA at $11/1000 cu-ft = $385 1000 cu mts. (Germany about $220/1000cu-mts - if found).


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