ho hum, page-26

The 20.3Tcf is Gas in Place.

The recoverable proportion (assuming 60% recovery) is 12Tcf, this is still much bigger that was envisaged when MEO farmed in, and much bigger than what MEO thought, up until July/Aug last year!

kimbo252 - I don't work for MEO or the PF, and I do not know the current farmin terms so I can not tell you whether the deal is "cheap", but what I do know is the value of Artemis and the value of MEO, and on this basis I can tell you that MEO is cheap.

Artemis is attractive, not only because it is huge, but because it is a geologically lower risk target than traditional wildcats, and it is in a basin where existing (NWS) and planned projects (Pluto) require additional gas.

Traders should have gotten out of MEO a long time ago based on momentum.

Clued up strategic investors would be looking at topping up at current levels.

Just my personal view.