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Thin and Terrific, page-91

  1. 1,916 Posts.
    JJ ............... to estimate a SP of 50-60cents is placing a MC of between $1.3b to $1.6b and IMO that is not very probable.

    IMO if both FAN-1 and SEN-1 are deemed a success then I am expecting a SP of round 15-20cents ie round $500m MC then if Guinea Bissau is also successful maybe 35cents which would be roughly $750m MC

    A BO is a different case as it would depend on how much oil they find BUT if you do this calc I would not use $10pbo ............... this is a max price IMO it would more likely be round $7 pbo

    GLTYA
    HKP
 
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