Geos - I correctly thought you sounded that you knew what you were talking about.
In view of all the wild HDR sp figures being bandied around what has been exercising my mind lately is to attempt to try to get a handle of some sorts on what the US$ value of one well of the Chinguetti production is so as to form a rough guess of the possible profit value of other fields.
Relating this to the number of shares on issue might perhaps point to what the price per share might get to each year (assuming say a dozen wells per year x say 60% success and another 3 elephants coming - Tiof,Matamata and Pelican?) Do you get my drift and does this sound like too much BS?!! I must confess I dont have any yardstick figures to start with. Regards
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