Siameseparrot has posted under OIL the above offer. It has some relevance to the worth of HDR and Dana. sp
Paladin could be a "model" for other similar sized oilers...like HDR, ROC et al. I note that PLR is up 27% in the UK and Dana (DNX) and Premier (PMO) are up 7-8%. Dana has to be in someone's sights in particular .. with excellent North Sea acreagae and production and theire vast Mauritanian acreage.
The Paladin offer is at US$15.75 per barrel of reserves although Talisman estimates PLR has 35% more reserves than stated .. so its at around US$12 per barrel. That's A$16 per barrel. Gives us some measure of what the market is willing to pay. To value HDR on this basis we have to derive a similar reserve estimate of proved and probable .. that gets difficult with Tiof, Banda and Tevet. Interesting though!
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talisman takeover offer for paladin res uk
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