talha - im sticking with VOG. I see them as a good company and especially that West Med is attached at the tip to the main Medvedzyhe producing field and 20% of the worlds gas comes from this region. The Kemerkol field could be worth around £150m or more to the company when producing. Also it should act as a serious cash cow to fund further development and growth.
As for £5 - who knows. id think within 12 - 18 months at least but could be much sooner. If the subsequent well testing of 104 and the two new wells are gushers and there is substantial increases in resources at West Med, there is always the liklihood of a buy out of such a high capacity resource. One thing that will also add to the growth of VOG is the lilihood of further acquisitions in due course.
Off topic - on EME the huge potential gas resource in Germany could equal VOGs West Med but it is unknown due to the seal. The Eagle oil prospect (usa) is a much lower risk play and should come good - though nothing ever guaranteed in exploration but at least the oil is proven and has flowed and a mkt cap of just £10m.
TMC (Mining sector) I have it on the watch list as EKA (mining) both look good - plenty of good companies around but alas can't be in them all.
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