Takeover Target, page-10

Options trader - even though you didn't answer how you get a 3 billion dollar revenue figure , I will answer your question . With current oil price , selling Manora at 15-20 a 2 p reserve barrel would be great . If you minus debt and costs outstanding including payouts Manora value would be around 80 million . Add in gas assets and I would suggest a takeover value of around 40-48 c . On current oil I put instrinsic value at around 40