"The $231 million figure is for MEO having 70% of Artemis, so why are you saying the additional 5% held by MEO isn't worth an extra $189 million market cap?? "
Because to drill Artemis MEO have to farm down to about 20%. Which is 5% more than MOG's 15%.
"MEO will be getting cash or shares for the 50% they are farming out"
I thought MEO was aiming to get some cash for some of the costs already incurred, plus free carried on 1 or 2 drills.
MOG Price at posting:
25.4¢ Sentiment: None Disclosure: Not Held
