re: abn amro report geos
I consider ABN Amro's report to be a very average attempt at valuation. We don't know what their assumptions are for Tiof size, their assumptions for POO are very conservative and they give no credit for the fact that to date Miocene sand targets have had a 100% success.
The market will value HDR - not this one broker.
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abn amro recommendation, page-35
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