And in regard to the development plans....Producing while they build a pipeline....and what a pipeline they are going to build...
New news, http://www.reuters.com/article/2013/07/31/tullow-results-idUSL6N0G11XB20130731
500,000 barrels per day....
500,000 BARRELS PER DAY :)
In corporates Kenya and Uganda fields.
Now, if Block 12B, and our 50% ownership could reach to be responsible for only 5% of that capacity (from a number of wells), it would be 25,000 barrels PER DAY.
25,000 x $50 = $1,250,000 per day $1,250,000 x 31 days = $38,750,000 per month $465,000,000 per year
P/e x ?? 5 years? = $ lots and lots and lots
Understanding early how things are developing is the key.
***** Check this out...Some striking positive comments...not a lot of interpretation to envisage SWE's links...nice reference to pricings.