At the end of the day the play in P168 will be small fry to that in P46 and P50 if it gets up.
At best P168 will give 10+ years of cash for exploration offshore. Ascribing P/E multiples would seem quite difficult. I think this stock will trade for the ready to go offshore prospect inventory that EPR have been maturing over the last 5+ years. That is where the value is and it is a value that is hard to measure.
Pay what you will - if you're looking for an out of EPR, I'm sure there will be a spike in there for you...
Now that we have the cash flow almost there, we can go elephant hunting...
All the best, Antman
EPR Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held
