re: valuation 1.02 to 1.48 current math 2.12
Uganda reserves estimated to be worth max $66 million - thats about $2.02 per barrel of oil there on a NPV basis.
Now where have I seen this number before. I also note that the max value is 20 x Simon's bonus - I geuss that makes it Simon's 20 pieces of silver.
The KPMG report should make amusing reading in the first quarter of 2007.
The MIM experinece and now Hardman have convinced me that SOA are not good for shareholder value.
HDR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
