tongaface I agree with you but i think any sale will factor in...

tongaface
I agree with you but i think any sale will factor in the resource value and the prospectivity of the block and the upside. The value of the resource offcourse will also be influenced by proximity to LNG facilities allowing for monetization. As all reserves aren't equal simlarly all resources aren't equal. There are great deals done with discoveries still at the resource stage.

However I do agree with you valuations of 200m for taps share of Zola are unrealistic. For me even 40m would add value to Tap . however the sale price which I expect to be in the 60 millions will be reflective of both resource, prospectivity and proximity to LNG facilities