MEO meo australia limited

don't be too harsh gentsback of the envelope conversion of...

  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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