i think we need to look at this as two companies in one. The exploration arm and the development arm. Both funded
exploration side has what 8 project licenses? Some at the farmout stage
development side has a 45mmbbl field with a PSC. That’s probably an NPV of $600M on a production case (at a guesstimate)
our MC is $9m. Lol
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Ann: Acquisition of discoverd oil fields offshore - Timor Leste, page-11
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