DarcyLawI am also following MAX closely.
Could you tell me why u prefer TPL more than MAX ?
Max is already producing 4000bpd connected to a pipeline and production is ramping up. Have close to 100MM barrels trough 3 different fields. 80 million cash more than 5 billions barrels prospects that each of them have a chance of 29% to be a success.
On the top of that the market value is less than TPL.
So why u prefer TPL more than MAX ?
Just curious
Julien
PS Regarding ur valuation I dont agree with u. If u look at MAX that have close to 100MM barrels and 80 million in cash it gives a value of less that 2$ per barrel. The market does not like oil in Kazak. It will never price more than 3$ per barrel.