RE: RE: Gallic News Release
I made a rough calculation at some point in reference to the price of gas in France based on an earlier presentation. If they find the amount of potential gas as described under the engineer's report, the value is mind boggling. Also, the revenue sharing does not kick in until certain volumes and costs are recovered. It is hard to pin down a range and ultimately will be affected by market conditions. In applying a 10% success rate, I came with a value that would be north of $2.00 per share.
Good luck