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).
Gas in the USA at $11/1000 cu-ft = $385 1000 cu mts. (Germany about $220/1000cu-mts - if found).
theBuddha - 3 Jan'06 - 10:03 - 1873 of 1932
VOG find at Kermekol quoted as 60m boe.
Can you remind me of the range of EME finds?
thunders - 3 Jan'06 - 10:06 - 1874 of 1932 edit
EME at 42p you are not even pricing USA prospects forget about Germany project . It not priced at all!!!look at the prospect---The Neues Bergland permit is located close to Frankfurt in Germany which is a 515 square kilometre structure and have been estimated by an independent expert to have generated several hundred trillioncubic feet("TCF") of gas, with a recoverable gas potential of up to 6.2 TCF in the first drilling prospect alone.
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