Found this from an old recommendation.
Based on pre-drill estimates, the Blackwood-1 well was anticipated to contain around $7.7 billion worth of
gas-in-place. Of course, even if those estimates are correct it doesn?t mean MEO can extract every last drop
of gas from the well.
If we use 60% recovery of $7.7 billion =$4.65 billion
$4,65 b / 477220955 issued =$9.74 per share.
Of cause that's if you got it all out at once.
Would love to know if this is right, and if it is, want would the farm in deal be like.
P.S.
Sorry mods. Just a bit frisky.
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Found this from an old recommendation.Based on pre-drill...
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