It is going to cost approx $60 mill to do 2 holes in NT/P68. We are farmin it out for 50 % share.
Thus this piece of acreage should have a value to MEO of $60 mill or 12.5 c per share.
Please feel free to correct me if any of the calc are not right.
The games being played out are pretty to watch considering as they are having trouble extracting any out of week hands at the moment.
meo valuation, page-15
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