cannot believe sp, page-24

12 Tcf is a very, very, very commercial find. Even completely dry gas. Add to the mix its location adjacent to Pluto and Wheatstone - both of which require more gas to expand into trains2-5 and really make good ROE. The $ mark is setting the bar realistically - a 4 bagger from here on a contingent 12 Tcf would value MOGs share at only $150m. Let me say that either of the above projects would pay *at least* that to secure that amount of gas. MOG would be a very ROE boosting takeover target for these parties.