MEO
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0.00% 0.0¢ meo australia limited

artemis independent valuation

  1. ronstieb
    8,886 Posts.
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    29/11/09
    12:32
    Post #: 5977971
    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
    MEO Price at posting: 40.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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