I agree Lash, that's why I am keen on CUE - both HDR and ARQ (for another example) have shown what it means to move from an explorer to a producer, it just seems to me that CUE is being valued as an explorer when it should be a matter of not if they have oil in Jeruk/Sampang, but how much. What I would like to know is what their 15% of Jeruk is worth if it is 200 - 400m Barrels, I know they have some penalties to pay out of production for buying back in - but on a NPV basis what is it worth?
could be very cheap, page-3
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
