Tokyo,
Thanks for the article, in reference to.
"Tom Fontaine, the managing director of Bounty, reckons the oil in the ground is worth A$10 a barrel, thus its share would be worth A$260 million. If you prefer it in US dollars then the figures are: the oil is worth US$3.8 a barrel in the ground, multiply this by 26 million barrels and you get a value of US$98.8 million. "
Isn't $260Mill AUD = $200MilUSD not $98.80Mill USD (AUD/USD = 0.77)
Not holding, just following atm.
Ta
article 27/1/04, page-2
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