valuation - heron or gurame worth more?, page-10

Epaka,

My mistake. You are right, with appox $400 milion in earnings would translate into market cap of $2 billion so approx. share value of $3.80

I think that LNG project will go ahead at some point even without success at Heron and the other point is that with a wide open share registar with no blocking stake then it would probably be cheaper for an Eni to spend a couple of hundred million on attempting to takeover MEO and get 100% of all their assets.

Everything is for sale at the right price.