I've bought in today based on the potential of a positive result...

I've bought in today based on the potential of a positive result from Artemis.

tHe atrget of 12 Tcf is a hell of a lot of gas.
By my calculations (please check) this looks like 288 million tonnes of oil equivalent, or 2 billion barrells.
At say $50 per barrell this would be $100 billion of LNG.

So the MOG share might be of order $10 billion. Now there are big costs in setting up LNG facilities, and there is discounting to be applied.

What would be the NPV of this 10% of the field, if 12 Tcf gas found.?

Clearly,a good deal more than the MGO market cap of 26 million.

So, if drilling is successful, there is a HUGE potential upside. Downside is basically losing most of your outlay.