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To: George Burdell who wrote (678)4/20/2004 10:46:49 PM
From: GeoDude  Respond to of 1338
 
I know GOG pretty well, the odds are not that good for a 1 B+ oilfield in the JDZ (maybe in block 1) and gas is worthless there (no market, LNG plants full). I would place the value of the company at $100MM until they make a sizeable discovery. These days with 3D seismic offshore, uncertainties are greatly diminished but they still could surprise. Luck is a powerful ally :-)

LIA