patto's report, page-3

I have not seen their last report,but I have a copy of 13th Nov last.....the writer says quite emphatically when discussing M$A activity..."MAE have indicated that they hope to book 500bcf of 2P reserves at CC.Assuming that they manage to book 50% of this at the 1P level then they should achieve a much higher price that the price target $1.57ish"

Simpson (the writer) has previously also based his results on a income model....fine if that's the way we proceed....I prefer the asset sale model.....oil and gas expert would not be phased out on lack of flow at this point of time....mind you I am a little surprised we have not heard anything on OMAN.