12-07-2013, 05:49 AM
[" Based on GLJ’s 2P (mid-case) resource estimates at year-end 2012, we estimate the aggregate resource value net to InterOil at $4.9 billion"]
Huh?! I'm no accountant, but from the press release earlier today, IOC receives $4.1B in case the GLJ 2P (mid-case) resource estimate holds PLUS it keeps 30% of it (leaving aside other prospects in PRL15 and other licenses).
That seems quite a bit more than Pavel's $4.9B (which is twice the market cap already)
I can understand Total, $4.1B is a lot of money, it's not surprising that they want re-certification after drilling some wells, but what are the odds of the number coming in substantially below that mid-case?
Like I said recently, we might need a little help from the drill bit to cement this a little firmer, but that help is underway..
Huh?! I'm no accountant, but from the press release earlier today, IOC receives $4.1B in case the GLJ 2P (mid-case) resource estimate holds PLUS it keeps 30% of it (leaving aside other prospects in PRL15 and other licenses).
That seems quite a bit more than Pavel's $4.9B (which is twice the market cap already)
I can understand Total, $4.1B is a lot of money, it's not surprising that they want re-certification after drilling some wells, but what are the odds of the number coming in substantially below that mid-case?
Like I said recently, we might need a little help from the drill bit to cement this a little firmer, but that help is underway..