meo valuation, page-19

Nice Botchee.

So if we use that on Heron's, we could expect a similar deal.(From Iam)
But with no exploration well. $41M.

Deal might be..

Cash back for costs for 3D. (have not found that yet)Maybe some of the drilling costs from Heron 2.

Cost recovery. 7m

Two appraisal wells $124m

Cash bonus if success $31.5m(Petrobras bonus)
May be more since proven gas fields.

Or a MOU That if commercial success, LNG plant on tassie.