Peter, I have two valuations for Yemen. One is zero while war and politics stop operations. But if there is light at the end of the tunnel that allows PSA to produce and explore, then Yemen easily meets the figures suggested in your article. Making PSA undervalued in the second scenario.
The US valuation will largely depend on the resource/reserve size at Hummer and the significance of the current market correction and any influence that then follows on the oil price.
