From my rough calc. risked NPV of MOG drill should be22cplus 5c...

From my rough calc. risked NPV of MOG drill should be
22c

plus 5c cash backing of MOG

plus share in other leases say 2-4c and containing 10% share in drill lease (2-3c)

So the SP should be...

22+5+3+2.5 = 32.5c/share (Pre drill - now, it ain't)

5+3+2.5 = 10.5c (post drill - absolutely nothing in the well, totally dry)


Well success

I would think this would half the risk of the field and increase the MOG brand (which I won't factor in for all leases)

22*2+5+3 = 52c/share (successful drill)

Just numbers to justify why I won't sell my shares and follow the herd, hoping for success, as the risk is worth it ( for myself)