texas production , page-3

So how much of the share price is Texas really underpinning when after being fracced it is still producing at most less than 1 million "profit" per year at $30 / barrel.

I would say a normal PER without smoke and mirrors is 10, so I would say currently Texas underpins the share price for $10 million - that is still a ten bagger on the original 1 million investment which is a fantastic result.

If the same 10 bagger can happen in T&T on the ~75 million investment, then the share price would be heading back to the 20p zone.

Given the above, I think the current share price market cap (~200 million) has the following analytical asset breakdown:
1. Texas 10 million
2. T&T 150 million (double original investment and 15 times the amount of output than Texas)
3. Cash 30 million
4. Georgia 0
5. Puntland 0