the australian news, page-4

That 12 Tcf is P50 recoverable resource after MEO have applied a 60% recovery factor to the OGIIP of 20 tcf.

Also the current EV for MEO is $136.27mil, which is a bargain (given that the FIRB hurdle rate is $219m).

No major international energy deals so far with MEO in it.

Only major brand involved in a deal thus far are India's Reliance buying a stake in US based Atlas Energy's Marcellus Shale gas project. They already arrived in OZ by picking up a block in the Browse basin & had conducted seismics in WA405P, which is next doors to CNOOC's WA406P that was drilled Q2 last year.

Not long to 8.30am, b4 the widget on the ASX messageboard comes alive.