onshore drilling

I see the series of onshore wells hitting the target and ending up with about 20bcf in reserves - production of about 12-15 mmcf/d over 5 odd years.

May go for a third well to add to the mix. I also see EWR holding onto the P/46 stake of 25% by funding drilling costs by way of capital raising - at that point in June/July the SP should be around 40c.

Offshore success in P46 will spike the SP to $0.80 - $1.00...

Just a vision...