RE: RE: Taj. PSCPSC terms are very good in Tajikistan, this is why I am buying TPL
A barrel of oil in Tajikistan can be valued at 10-12$/barrel versus 4$ in Kazakhstan.
In Kazak gov take up to 82% versus 30% in Tajikistan.
so 30MM barrels in Kazak as the same value as 10MM in Tajikistan.
NG is sold at 0.95$/mcf in kazak so worthless compare to 7$/mcf in tajikistan.
And to finish it seems less bureaucratic in Tajikistan than in Kazak
If I invest in TPL it is for its tajik asset not Kazak one......
so we have 30MM at Doris + 15MM in tajik give us a value of 30*4+15*10=270 +30MM in cash it give us a value of $300MM, exactly today TPL market value.
Best
Julien