Re: solid foundation
We were already at the valuation of $4.00/bbl just on the hype of the initial discovery when the stock got pushed to over $11.00.
That would be about the 1 billion bbls.
They are already estimating plus 3 billion bbls in the resource reports.
Over the next few years of drilling I think they can push the booked reserves of 650 million/bbls we know of today up 10 fold.
Some where in the future some one will pay a premium for the AOI portion of the discoveries and maybe buy Tullow along with them.
....pirate...