FROM IHUB REGARDING MLMeryll Lynch report out says Kenya is worth 1100p per share to Tullow. I am getting this second hand from the Independant in London. If you have access to it, I would appreciate a look at their calculations.
Just bare bones, AOI has a share of all but two of Tullows Kenya assets, and those two are relatively small in area, plus AOI has Block 9 which is massive and has good potential.
So lets say that block 9 makes up for what it doesn't share with Tullow, if Kenya is worth 1100p/share x 905 millionshares outstanding = 9.995 Billion Pounds to Tullow. Being that most of the land is split 50/50 does it not follow that Kenya is worth 9.995 billion pounds to AOI as well? 1 pound = $1.60 Canadian
Therefore Keny is worth 9,995,000,000 x $1.60 = $15,992,000,000 to AOI or $78.46/share if Meryll Lynch is right