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0.00% 0.0¢ meo australia limited

value of artemis for meo, page-4

  1. tota1999
    2,410 Posts.
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    08/12/10
    13:31
    Post #: 7584284
    for some idea of inground value of reserves,, and i mean just an idea.

    http://www.businessweek.com/news/2010-09-01/petrobras-brazil-said-to-agree-on-oil-reserves-price.html

    "Brazil will set an oil price ?in the middle? of a $5-to- $12 a barrel price range after studying two reserve studies by independent auditing firms"

    Lets say its $8 IGV per BOE.

    Hence every 1TcF its ~ 66c per share.
    MEO Price at posting: 50.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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