ghana 5 billion bid for ghana assets

Includes 24 percent in 1.8 billion jubilee field. Can't imagine the punters that will jump into TAP as Ghana gets closer. As we get closer watch the analysts acribe value for this. Let's assume @ 100 million target and a net position of 30% in the permit , I am assuming they will farm down some. 30 million barrels at 10 % COS . Predrill value 60 million or 18 cent per share fully diluted. Tap mentioned when they announced Ghana entry negotiations had been entered to well before big discovery. I would very surprised if they aren't free carried for Ghana. It's only a 12-24 for month wait.

SBL
Only one week to go for buying shares from those disposing to take up entitlement. Be quick ;-)