Thanks for the post. I had been meaning to post almost identical calculations. I too get around $4 per share and am amazed at the quiet way this well has slipped on the agenda and off everyones radar. Am intrigued that Apache has slotted it in second. Interestingly, they seem to be moving the rig over the 3rd well site (BAS Speke South-1) on the way between well one and two which are to the east and west. Not sure if this reflects the prospectivity of the various wells or just last minute mapping.
The one ingredient missing from valuing the well is probability of success. Any one seen any figures? Am very tempted to hold through this well, more so than usual, due to the quality of the partner and the data and the size of the prize, plus bazzard later in the year.
Good luck
MOG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
