BazzleDog, thanks for the advice, but my shorts are well covered. There is someone on this forum pretending not to be an employee, is that you? The gas from Europe comes mostly from Russia, but of course, you would know that. Not all gas comes through the Ukraine, but of course, you would know that. The consumption of gas in Europe on a daily basis is over 1000 times what 77H will produce, but of course, you would know that. the structure is a tight reservoir and the formation needs to be fracced, but you would know that. A certification of reserves will not cover the whole field, only the local wells and there is no chance of flow from the whole reservoir without a 100 wells, but of course you would know that. the gas is associated with oil and is on a different pricing structure than non associated gas, and $8 is not achievable without a reserves determination and a processing and compression plant, all of which are many many months away at best, but you would know that. getting the full price for unprocessed gas is not likely, but you would know that, India prohibits by law the export of oil and gas, but you would know that, the only infrastructure in the whole state is owned by GSPC, but you would know that GSPC is a state government entity with a formidable reputation for not paying its bills on time or at all, but you would know that, the state is Gujarat, run by Modi and involved in the stall of business during the elections, that is Indian politics, but you would know that, there does not appear to be a means of selling the gas because Ron would tell us if he did manage a sales contract, but you would know that.
Are you Ron?
OEX Price at posting:
7.0¢ Sentiment: Sell Disclosure: Held