foxx, also what are they worth to Galp as they have a 50% share so if nothing happens do they lose that?
My initial thought is that the total block is worth USD$66m if TPT sold 50% to Galp for $33m.
But that is before the Tao-1 duster.
So it would be worth less now given Tao-1 was presumably the most favourable option.
So TPT's $16.5m would now be worth considerably less.
Maybe $8m at most?
I'm no expert though and do not know much about the remainder of the block or other requirements regarding drilling or timeframes.
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