starfish 26 mmbbls- what's it worth per share?

Thanks coopec for posting RFC Ambrian report from Oct 2012.

While this report on Rialto's Fair Value (47.8 cents)would need to be revised in light of Vitol JV, contingent resource update etc..I note that it ascribes no value at all to RIA's Accra assets as did not have govt approval at the time.

At this point RIA has 9% of Accra block. Starfish(292mmbbls - Ophir estimate)is only 10% of the total of Accra's unrisked prospective resources of 3 billion barrels or more(Tap Oil estimate) which shows that the potential of Accra block alone is huge for RIA.

Back to the subject line - RFC Ambrian uses a NAV / boe of $8.11 which multiplied by 26mmbbls = $211 million or approx 28 cents per share just for the starfish well.

Just some thoughts - feel free to have your 4 cents worth!!