taxjerk - you blew it again. you said LFD is worth $628M, or maybe $500M or even $800M because LFD is de-risked due to a discovery. Well today Abu Dhabi buys into WZR. WZR has drilled two holes in the past year, both new discoveries. One at 9,000K bpd and one at 1,000 bpd. In the WZR - Abu Dhabi deal today they paid $46M for 20% of WZR, valuing the total company at approx. $230M. So, WZR has 10,000 bpd discovered in the past year and has been valued at about $230M. LFD has no discoveries, except for a hole drilled 75 years ago that presumably has 5,000 pbd, and you want to value it at $800M. You should stop smoking whatever you have been smoking. Confirmed again, you are an idiot. THIS FROM TAXJERK - "
With regards to sums paid by Vallares to Genel. In essence Vallares valued the total 7 fields at $ 4.2 billion, of which they paid $ 2.1 billion to acquire 50% of it. In my earlier analysis I did mention that I did not have the proper breakdown of all 7 fields and I made an assumption that they were of similar nature. Now some may be valued more, some less, however what you must keep in mind is that Vallares agreed to pay $ 2.1 billion for a 50% share, which means that they see value going foward as nobody pays an asset fully priced in for the future.
Now I calculated the value of LFD 40% share at $ 628 million. It could be possible that it is only $ 500 million. It could also be possible that it may be $ 800 million since this Chia property has been de-risked due to prior historical drilling."
Perhaps WZR may be the right partner for LFD!