Hardman comparison

Just seeking the Forum's opinion on FAR replicating similar valuations as HDR prior to their $2.03 2006 TO.
http://www.theage.com.au/news/busin...-with-147bn-bid/2006/09/25/1159036472877.html

What factors are different in FAR's case?
Is a $1 or $2 handle pie in the sky for FAR?

My research indicates:
a similar low POO environment
Annual Average Domestic Crude Oil Prices (in $/Barrel) Inflation Adjusted to March 2015
1946-Present
2001 $23.00
2002 $22.81
2003 $27.69
2004 $37.66
2005 $50.04
2006 $58.30
The well proved to be problematic for Tullow
HDR did have less shares outstanding
HDR did have a greater %

Thoughts on this comment from a 2002 post
"I would say that Australian (investment) houses are much more influenced by short-term cash-flow issues," he said.
"The UK analysts would look at the full life cycle of the assets rather than the short-termist approach of looking at near-term cash flow, which is volatile and exposed to risk."