12-07-2013, 06:48 AM
["Does not IOC own 30% of the coming plant AS WELL AS 30% of the resource, PRL15?"]
Yes, but Pavel ascribed zero value to that. Fine, his choice (even if I think it isn't the right one). What he cannot do is ascribe zero value to the 30% of PRL15 that IOC retains, especially if he argues that 47.5% is worth $4.1B in cash, which it is, if you argue that the GLJ P50 number holds.
Yes, but Pavel ascribed zero value to that. Fine, his choice (even if I think it isn't the right one). What he cannot do is ascribe zero value to the 30% of PRL15 that IOC retains, especially if he argues that 47.5% is worth $4.1B in cash, which it is, if you argue that the GLJ P50 number holds.