Unhedged,
on success Mog SP will have premium on it cause of take over probability is very high. 1.2tcf equals minimum of $400 mil market cap... That will pit Mog at about $1. IMO will get much higher than that. Petrobras will put in a premium offer to Mog and Meo IMO.
If we find gas in which there is a very good chance, it will be of excellent quality IMO...
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