RE:PFP1 (2011 Petrofac NR)You/ll be aware only IAE's ownership value was put in their financials and it would have been depreciated every year since with no fair market value attributed. But again, it's all moot>>>you'll never be able to assess value given to FPF on their books IF IAE (and I don't believe there will be an offer) is ever given a takeover offer. Heck, it would be more meaningful to try to assess the value of their interest in the whole GSA. Let's just pump that oil!