Chatchai Yenbamroong's Letter to Shareholders proposing board spill, page-65

Gee Auto I don't think you can look at the asset dilution that way either.

Go back to when TAP made the acquisition in 2010 and the CR at that time. Slide 11 of the presentation has some "acquisition" valuations that at 24MmBO or 7.2MmBo TAP share the acquistion consideration was US$8.13/Bbl

And that was before any money was spent on developing it. The extra Bbls if we get them from the default are PDP Bbls!!!!

A steal IMO. Of course I could be looking at it all wrong.