"By the way, does anyone have any idea on the oil in place volumes likely from the Cornea well(s)? Trying to put a value on the shares with a drilling success"
:Reported Best estimate recoverable (P50) is 37mmbls :MOG share 22.375% :Cornea discovered undeveloped reserves NPV/brl $5 :MOG shares on issue 290.5mil fully diluted (includes 120mil escrowed for 12 months)
37mmbls x NPV$5/brl x MOG share 22.375% / 290.5mil shares = 14cps unrisked
(Some might disagree with my NPV $5 brl for discovered undeveloped reserves)
MOG Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held
