RE: Why MRP Management is very positive! Jackpot for us is at least under contingent resources that MRP confirms 2C of the 100 mmbbl in the TSB field. Recall Califdreaming insistence wrt Afren only paying $2 for reseves/resources, well we will get some amount of oil in 2P, some think approx 30 mmbbl 2P, and MRP believes they have >100 mmbbl overall in TSB....so with an extremely conservative $2 bbl for contingent resources = $200 M value and some component listed as 2P.
If that is in the report, would explain how MRP management believe .75 to $1.25 takeout is likely