mog announcement, page-17

Depends on what the farminee thinks is the true value of the prospect. For arguments sake, using the key variables that MEO have quoted on its preso's, 20% interest at 32% POS & 0.625c/GJ for 12.18tcf recoverable resource is worth $1.17/sh (risked value i.e.)

Which means, MEO believes that the current 70% stake should b worth $4.09 or 50% is worth $2.925/sh.

Note that $1.17 is a rough estimate, since July onwards the AUD has risen compared to the USD, so the forex of 80c they had used in the calc's should really b 91/92c. One can always fine-tune the calc's, but for now 0.625c/GJ is ok.

Will see how the dynamics shape up for MEO over the next coming days.