MEO meo australia limited

been here before - no we haven't!, page-4

  1. 102 Posts.
    don't be too harsh gents

    back of the envelope conversion of greater Heron resource into boe

    u can show that 1 tcf of gas = 167m boe

    therefore 5 tcf = 835m boe

    835m boe @ $us80boe = $us67B (gross revenue)

    & its an appraisal well - COS > 60%

    & ENI pay the drill costs

    with a market cap of just over $100m

    & cash presently of > $50m

    & multiple other drills & opportunities

    as my old man used to say to get ahead in life you must make a bold move

    almost a free hit

    short at your leasure - the pleasure is all mine

 
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