Gregy,
If you think the non-Moby 1 assets of EBR are worth 6 cents, then if you like MOby-1 enough their 25% carry on Moby-1 could be seen to be worth 4 cents per EBR share.
The difference between now and before MOG floated was that before that, it wasnt certain that Moby-1 would ever actually happen. Oil and gas taregts can and do sit there for years before they get drilled.
Ian Whitchurch
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