Most valuable Caspian player?8 Feb 2008 09:50
IMHO TMAN is the most potentially valuable Caspian Basin based oil production and exploration company. It has potential reserves of 9 billion barrels. The only thing holding back the SP is concern over whether TMAN will find a JV partner to fund a $500 million USD exploration programme including a 2500 well development. RXP, MXP, FRR pale into insignificance compared to TMAN's assets. Who knows, maybe Gasprom will come to the table in time and offer the funding. Doesn't look like Goldman Sacks or Credit Suisse have dumped their shares yet. Surely worth investing in at this price? Anyone else still interested in TMAN?