Hard question, but I think the share price pre the Artemis announcement is probably worst case. 8c. That is if MEO did not commit to the drilling before 31 December and therefore it didnt meet the main condition for the Gascorp/MOG transaction. However, would MEO let it all amount to $0? I dont think so.
As for the risk value of the remaining sites with a market cap of $6.4M and the need to raise capital for the drilling it these sites. I can't see much more downside.
WC
MOG Price at posting:
22.8¢ Sentiment: Buy Disclosure: Held
