this well is equal to 1 billion barrels to meo

This is how i came up with the numbers.
18tcf = 432m tons of oil.

432m tons x 35% = 151m tons of oil to meo.

There are 7 barrels of oil per ton.

This means that MEO's share is 1 billion barrels of oil equivalent.

If you valued this at just $1 per barrel, the stock could be valued at $2.50.

The average off shore oil in the ground price was near $5 last time i looked.

So if MEO gets lucky, the upside for the stock is simply off the chart. i can't find another oil stock with this much upside if they hit the stuff. Its a punt to me since the downside is not great from these levels compared with the upside. Clive Palmer is paying for 80% of the wells cost and he is not known to be silly. The rig is moving there now. These sorts of stocks tend to run pre the well anyway as more people find out about it. The punters really came for this last year and the volume cranked up. Happy to hear someone elses view on the numbers. please do your own research. I bought some stock for a punt this morning. good luck.