re: hdr v asc Mate, the current well, Ching-2, is only one of 55 leads in the 4 of 7 Mauritanian blocks that have been explored. The unrisked reserves in these 55 leads are 6 billion barrels. Valued in the ground at $US2 a barrel, that equals $A24billion, 20% of which belongs to HDR, ie $A4.8b. (=HDR $A12 per share )
How does this compare to Adultshop ASC? Lets assume ASC make $A5 profit per dildo. They would have to sell one billion dildos to equal HDR. Thats 20 dildos for every person in Australia. Likely? I hope not.
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re: hdr v asc Mate, the current well, Ching-2, is only one of 55...
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