So how much of the share price is Texas really underpinning when...

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