Number of leads in Mauritania = 95 and counting Great post. For...

Number of leads in Mauritania = 95 and counting Great post. For the first time we know the number of leads in blocks 1,7 & 8. Dana says there are 40 leads. According to Fusions website there are now 55 leads in the woodside blocks.

Thats 95 more Chingeutti's and Banda's. Buying HDR is like getting 95 lottery tickets for the price of 1. Assuming each lead is worth an average of 0.40 to HDR and the POS is 30%, consistent with experience in modern offshore drilling, that gives a back of the envelope HDR valuation of 0.40 x 95 x 30% = $11.40.