RE: RE: Wells buys again todayFeasability,
I never say that Tajik and kalypso was a make or break for TPL. As I said many times before Doris + the discovery in Tajik is worth around 0.75$-0.8$ per share (considering 3$ for kazak oil and 10$ for tajik oil). It seems the market tell me I was right. We are now close to my 0.8$ target.
When I say that if kalypso and tajik fell to flow oil we will break down the 0.8$ support to go to the next support at 0.56$ it is just because in that case the market would get bored of this stock coz of the past mismanagement + failure in discoveries (kalypso+tajik). So they will underestimate the real value of doris and the first zone of tajik. This is the way the market works.
Considering we cant compare other Kazak oil junior player with TPL because they have high flow rate is wrong. They have low operational cost (because of high flow rate is true) but it is balance by very high transportation costs compare to other Junior oilies operating in kazak that tied their wells to a pipeline. So overall the cost are almost the same I think. So as other oilies operating in Kazak we can give a value of 3$ per barrel.
Best
Julien