Gawd Benny_32, that's a pretty conservative success figure you...

Gawd Benny_32, that's a pretty conservative success figure you have there.

I'm working off risked = $1.17 and the unrisked value to be = $3.65.

* this data is based on ((20.3 Tcf X 60% recovery)) = 12 Tcf X 20% MEO Interest X US$0.50/mcf / US$0.80/A$ fx / 417.3 million shares = $3.65.

* the figures used were -
1/ Mean gas in place = 20.3 Tcf.
2/ 60 Recovery.
3/ 32% GCOS (20% + 1.6 DHI multiplier).

Then we bought MOG's 5 %, so now risked = $1.23 and the unrisked value to be = $3.83.

* these figures are for Artemis alone and place $0 value on the the assets or the $70 million odd in the bank.

Have i missed something?