When SRK valued MOG's assets, the MOST LIKELY estimate was based on fair market value, ie, recent transactions for farmins/acquisitions.
SRK's HIGH ESTIMATE was based on RPS's BEST ESTIMATE (P50) PROSPECTIVE RESOURCE. If I understand it correctly, SRK then plugged in their own $/brl and $/bcf assumptions, and discounted for geological and commercial risk.
Therefore, the RISKED value of MOG's prospective resources is illustrated in SRK's HIGH ESTIMATE in the attached charts
Works out to $143.7mil to $175.2mil @ 310 million shares 46cps to 56.5cps
MOG Price at posting:
18.5¢ Sentiment: Hold Disclosure: Not Held
