RE:RE:Just pointing out
i might have poorly express myself, (sorry, trying my best in english llol) but i was trying to say that i was wondering why someone didn'T try to buy even with a premium to the NAv, i'm was not hoping that it does happen as i think that we are really underevaluated here...
My point is that i think that even the NAV at this point doesn't reflect the value of this entity as the RLI is so low at the moment, with actual production climbing and this chain of sucessfull driling, i think that the 225 MM$ (NAV 3PAftertax (10%dis)) doesn't reflect the correct value of PTA.... like you said, if they gave 1,5 NAV then i might not bother but we'll see if and when it happens....
at the moment, the NAv 3P 10%AT is at 225 MM$ which is like 39cents (undiluted that is), but i really think that isn't correct, with parex that increase his ressource based on 3 field lately (one of them was the LM field), even though we don't have the split of the 3 field, And with the curiara-1 oil field which isn't reflect in the last 51-101 if i'm correct, i think we'll see a big increase in the next reserve report ...
as for the buyer i do think if you can get the assets are worth the premium but just my opinion anyway...