RE: RE: MRP Money will come and get the oil! MRP has a 54% net profit interest in TSB field so is $311 M divided by FD shares of approx 220 M we have a sp possibly as high as $1.40. Conservatively, I believe $1 range is fair, double/triple from here. The Nigerian Govt is about to begin a marginal field licensing round, bidders who do not get their area have an option of buying out MRP in addition to the already 2 suitors. MRP gives a huge advantage as we will soon have Proven/Probable/Possible Reserves, recently drilled, and is only approx $25M from flowing oil, MRP cost share.
Bottom line, where the oil is proven, money will come to get it.