what is wrong with my logic...

Alright so I follow meo and cue but have never owned either.

MEO is currently valued at $231m and after farmout will have 20% of Artemis.

MOG currently 80m shares on isse at 28.5c = market cap of $23m. Add the additional 120m shares for the purchase we have in theory a market cap of $57m (200m @ 28.5c).

The additional 5% held in Artemis by meo isn't worth an extra $180m in market cap....is MOG undervalue or is MEO over valued...maybe a bit both??

Also there is an additional windfall for MOG if for some reason MEO can not commit to drilling before the end of the year..

Is it this simple?