Danbradster, If taking IEV as a gideline:
I would think that the 15% on well completion is a well known condition, and already taken into account. Page 7 CEO Pres, from Nov 2009, where the IEV of $2.20 is mentioned - the 15% condition is well marked.
From the 'Clarification of IEV PEP 11' ann in Nov, the total IEV of all PEP11 prospects is $3.05.
The other core projects were 9-40c IEV.
Take only the modest 5% in Tanzania: the KN1 flow in the Nuyni gas field - it has already exceeded the indicated 17Bfc to 40-60Bfc, just as the entire field reserve is up as well.
No disappointment in any of the other projects so far hence a good fundamental support for future sp rise based on PEP11 speculation.
DYOR
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