market cap 170 - 80 milllion cash

80 million cash
guaranteed gas revemue 30 x 5 years NPV about 57 million
7 million of oil reserves pending booking X NPV of 20 140 million
Wa351 - free carry 10 million
Wa351 value 25 million
ghanna value - as per SBL base valuation 13.5
reserves 1 million boe 20 million
zola - absolute base case 50 million

value 395 minimum
subtract 30 million for legal disputes
365 million

tap trading at less rhan half its core value. I dont care how much Europe owes, this stock is cheap