actual vs implied valuation, page-11

Gasbag, I actually had $100b as the MC, but removed it promptly as I thought it could be misconstrued into a MEO shareholder indicating the farmin partner is Petrobras.

Looking at Gladstone, it is obvious the egos often come before business logic, ie economies of scale and capital-base replication, but like you indicated, stranded assets, are just that. Stranded. No economically viable method to commercialise these resources without TSMP.