At market cap of GBP 2.5 billion, that is 2 world class, deepwater fields, mucho cheapo - even assigning zero value to everything else Tullow is working on. It would cost the majors around GBP 6 - 10 billion CAPEX to develop anything similar. I'm guessing Bob Dudley and Ben van Beurden's calculators are working overtime crunching these tempting numbers. All IMHO. GLA.
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