I like your posts (especially on BUY) and I agree with your scepticism regarding the bs ramping here.
BUT
I'm not sure I can support your valuation of Artemis.
"I personally wouldn't allow for a predrill risked value greater than 1/3 MEO's estimate, ie say 1.0 tcf gross risked (say 20% of 5 tcf), 150 bcf to MOG at say 50 cents/GJ, ie $75 mm net (max)"
MEO's estimate has a GES of 34%
You can't just wipe it out with a few lines of opinion based on nothing. Sorry - you can wipe it out - its a free world - I just won't agree with you this time.
MOG Price at posting:
24.1¢ Sentiment: Buy Disclosure: Held