"Kastin, you're way off the mark on PVD. They have 23% of the Morocco block which is 7b resources total (1.61b NET to PVD. They own 80% of the Gabon license and then that they will be farming down so they will have less there (something like 700mmbls NET currently) and as for Madagascar that's a while off yet! (So is Gabon really)"
How is that way off? if anything you've just said PVD should be valued MORE then TPT/jka 1.6b net vs 150m net just for Morocco and they get 2 uncapped drills. PVD and TPT Morocco are neck and neck, both have gov approval, both are yet to book a rig.
talking about project timelines is a moot point, HW wont be anywhere near production until late 2015 at the very very earliest, and that's if it proves commercial, somaliland is 2015 for a drill too, Tanzania is many years of drilling.
JPR if you watch the oil barrel conferences, they currently make 40 bucks a barrel profit, once they leave the trial period they can sell on the export market and make more.
TPT Price at posting:
22.5¢ Sentiment: None Disclosure: Held
