Any resource is a finite resource.An average PE across all...

Any resource is a finite resource.

An average PE across all sectors is 16 and for O&G it is about 20. So assuming 10 or even 5 reduced for risk this still has a lot of upward movement to get to what i would call fair value.

The Tui field has a life of 8 more years at least, so that is far enough to be able to do a PE analysis.

What suggestions would you use for valuation? As DCF relies on infinite resources also. That is the main problem with modelling, is the assumptions.

Hence why i included the EV % comparison. For the EV to stay the same, the SP needs to increase by 20% per quarter...