moby 1 well with EBR having free carried %25 they are saying with a low risk strike rate of having 64 bcf gas that = at $2mill per BCF $128 mill & EBR share is $32 mill or 20.5 cents per share & that is the %99 sure (but never sure with wells) of getting a hit ,the over moon figure is 160 BCF or 49 cents per EBR share ,this is money in the bank due to spud OCT /NOV or earlier depending on rigg time frame ,the off shore rigg is drilling in N/Zealand first for tap ol around 6 cents buy in the next 3 months you will make %50 on the lead up to spudd date ,easy $$$$$
EBR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held