Anyone got an idea what the value of the Western Seahorse Reserves should be after last weeks announcement?
Can't remember the specifics, but the 1P reserves had a pretty strong increase. Is there are multiple we can look at to get an idea what this is worth in dollar terms? (no need to present value the thing over the expected life of the wells, just a nice and round dollar term or multiple would be good)
They can't capitalise this as the accounting standards wont let them, but i think if we can get a market value for the 1P and 2P reserves (per the announcement last week)we will get some type of true value of the value of their tenements.
This is the largest "what if" in terms of value on the books of TDO - all others are pretty standard (cash, payables, receviables etc)
So, if there is someone out there that can put a value on the Western Seahorse (per last weeks announcement), please let us know
TDO Price at posting:
9.0¢ Sentiment: Hold Disclosure: Held
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