Replies to post #606 on Geoglobal Resources, Inc. (fka GGLR)

[Orange4Yellow]

If Shemen hits light oil , they will likely be worth $1-1.5 billion, with no cash and $150m sunk cost well.

Given that, if Adira GGR gets regulatory approval to drill in April 2014, our 33% stake in Samuel can easily be worth $1/share, with 180m shares outstanding ...

Deen Dayal will also be worth a lot once the initial sales contract is signed in about 6-8 weeks -- how much GGR's carried 5% is worth depends on the sales price of that contract and initial volume from the wells.