Hypothetical Just a hypothetical here:
Tullow is obviously the limiting factor here as we are valued on the potential of the block that is being hindered by the lack of new drilling. I'd say the Namibian assets are not being considered, yet. That being said our 15% is valued at roughly $50 million (market cap - cash). So with that, the block is worth $330 million. Tullow has 60% and clearly is not in a position to be the operator anymore. They have a serious debt problem so the question is, who will take their share and at what cost? It will be intereting, keep an eye on it as any price above that would immediately increase the value of our asset. Plus the premium of clarity moving forward.