valuation, page-4

If we assume MOG will have approximately 201.8m fully diluted before any new issues, then these are the valuations for Artemis, excluding all other assets from calculations.
MOG: 40 cents $80.72m (15%) Total Artemis $538.13m

MOG: 50 cents $100.9m (15%) " " $672m.
MOG: 60 cents $121.08m. (155) " " $807.2m.
MEO in their July Presentation valued Artemis at $830m for 20% being retained. So they had an overall value for Artemis of $4150m.
It will be interesting how the market eventually values Artemis, will Meo's values eventually win over the market current values if drilling success.
Regards
Buffett