I think the divergence is normal.
In term of valuation POE 339 and CVN 298. The valuation of both are closely related to L44/L33 production and potential. POE owns 60% of the revenues.
I don't know why you say L20/50 is more interesting than L53, is there any reason? We have got the proof that L53 can produce oil and we have got already a small production (no production for L20/50 even if we have got the proof that there is oil).
Don't forget that POE is planning to drill high impact wells in Indonesia this quarter (2 different concessions, 3 wells each).
They have got a concession in Oil Sand Canada as well. With the POO heading towards 100 $ it worth more (it is only a marginal effect on the market cap, just trying to be exhaustive)
Disclaimer: position in POE and SUR
Ann: Thailand Operations Update - L44 and L33 , page-39
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Mkt cap ! $348.8M | |||
| Open | High | Low | Value | Volume |
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