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29/11/09
12:32
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MOG released an Explanatory Memo and Independent Valuation on 27-11-2009
http://moby.com.au/dl/moby-memorandum-2009.pdf
Page 137
Best Estimate (P50) Prospective Gas Resource 8.896TCF and 62mmbls condensate
Geological Chance of Success 13%
Its worth browsing through the memo as there are a few other references to Artemis
Notable is page 165 which details MEO's desired terms to farmout 50% of the Permit.
The transaction would value 50% of Artemis at USD90.8mil
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