moving up., page-33

re: re:up 29.5 bid results 2day or 2mor Based on some envelope calcs as to how hardman was valued, Heron 1 holding 200mboe. I would say the market would value at about usd 130m to BKP. North of $1 per share (embarrassed to say I dont know how many on issue !). This using USD 6 barrel in ground and taking 1/3 of claimed reserves.

Remember though there is a second indentified prospect in block 20 (and im not talking about the lower zone of current well). Similar to Heron 1

Fair to say if Heron 1 is good, 'Heron 2' would be as well.
If you subscribe to this theory then a Heron 1 strike is in effect a double. So i would say within 6mths approaching spud ---> North of $2.

Lets see. Maybe some majors watching closely who might buy into the action. Then who knows where the sp will go.