stop wasting your time angers, page-26

re: share price 80c by xmas well at 80c share price the company would be on a p/e of 5 based on there share of existing production of 35K barrels/day.

so that would then put a value on the 290M barrels recoverable tiof field at zip.

or another way of looking at it

if it ever got to that price someone could buy all of hdr, sell the tiof field for the 600M (about 50% of its value to hdr so say that is risk factor) then keep the rest of the company at a p/e of 5 for no cost.

certainly would be an interesting play.