Unsure if you are trying to say this is a comparable...

Unsure if you are trying to say this is a comparable company?

Their 'Block 9' in Cuba (the whole area over 2000 kms, several targets) from their announcements has approximately 15.7 billion barrels of oil in place but only 718m of this is deemed prospective (the only part potentially be deemed economical after drilling etc). Of this 718m, 270m of that is across their 3 main targets they have farmed out to someone in order to maintain a 12.5% profit share of any commercial production, if any (so they really only own 12.5%). IVZ's data so far is for the one single target with the P50 being much larger than their 3 main targets all requiring different wells.

If you are saying their Australian Beehive target is relevant Santos and Total have an option to obtain 80% of the prospect if they drill a well (so they only retain 20%) and its an offshore target (less favourable) with a P50 resource of 388m BOE at an estimated well cost of $40-$60m. 

Unless I am missing something, this is not a very accurate comparison.