Nobody really has had a close look at what success means to the Company...in dollar terms - should that gas in place pre drill estimate, be confirmed.
Some info that I have sourced, just really shows the enormous upside here for the company.
MEO hoping to confirm 400 or 500 bcf of gas...I looked at another company in Indonesia who is ramping up an existing gas fired power station, to 315MW capacity.
The gas requirements are 202 bcf over 10 years for a 315MW power plant...with revenues of about $350m PA....or 25 bcf per annum, or 70MMscfd.
Means MEO discovery could support 2 x 315MW plants, for 10 years and revenues of $700m PA.
Hard to imagine, what we could be sitting on here, with this company.
MEO Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
