talha - I see it at slightly lower....probably around 60-65p.
My reasoning for this is due to :
a) Problems by the management getting the placing away
b) The slight "distressed" state of VOG....they need to drill more wells and cannot afford it
c) Aerotus and Jaber own these
d) The price of the share in the days immediately around the big gas find announcement. I believe that this is still fair value (55-65p), and my estimate is in the upper parts of this. The share was ramped out of all proportions in the days following, and needs to retrace before gaining a head of steam again.
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