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- Factor 30 tcf reserves vs 20 tcf earlier - Consortium expected to drill 10-12 wells/year BofA-ML -Raises Mozambique block value to Rs 294/share vs Rs 249/share Edelweiss - Mozambique block valuation at Rs 292-493/share - Based on reserve est of 24-50 tcf - Assigns Rs 535/share to BPCLs E&P business (highest in street) http://www.yourmoneysite.com/news/2012/may/how-is-bpcl-buckin-the-current-markettrend.html