what is meo worth, page-6

They are going to produce methanol

Is this the same as the gas price?

The key points for me are these
1) We now have more value because which is one step closer to commercialisation which if moved through will create more value on its own than where the share price is at present

2) We have the big mama that will be redrilled and one would think that based on Blackwood and the technical info they are now more bullish on this

3) Hydrocarbon producing Provence

4) Long term projects with a LT increase projection for the gas price

5) Cash to drill will be raised through farm out, Blackwood increases value of farm out terms for MEO. More cost coverage for a set percentage of the project.

I think its cheaper at 29 cents today with the news than it was yesterday at 23.5.

I believe a farm out announcment wil take this up significantly as it will consolidate the view of the projects value.