e.g. of An informative report., page-4

Chinguetti

A quick reading of the info on Triton indicates that they held 85% of the blocks offshore Equatorial Guinea. Is this correct? HDR's average equity is around 25% (all 8 blocks included). How does the size of this territory and the number of leads compare to Triton's territory before takeover? Without this comparison how do you use Triton's buyout value in valuing HDR ? Do you have any more information along these lines?

Thanks again for your informative posts.

H

PS: I hold heaps of HDR so I'm not trying to run it down - just trying to estimate its value rigorously.