Correction on ReservesTPL 2P reserves are valued at US$1.08/share (US$310.mil) at the end of Dec 2012, based on 27.5 mmboe.
US$0.80 was the year before.
Add the US$0.22 in cash and TPL is sitting on a NAV near CAD$1.40.
And sitting at 1/2 its NAV and still being sold off overseas.