MOG 0.00% 0.5¢ moby oil & gas ltd

when is this going to $1?, page-23

  1. 960 Posts.
    EL and Lepanic,

    I like your posts (especially on BUY) and I agree with your scepticism regarding the bs ramping here.

    BUT

    I'm not sure I can support your valuation of Artemis.

    "I personally wouldn't allow for a predrill risked value greater than 1/3 MEO's estimate, ie say 1.0 tcf gross risked (say 20% of 5 tcf), 150 bcf to MOG at say 50 cents/GJ, ie $75 mm net (max)"

    MEO's estimate has a GES of 34%

    You can't just wipe it out with a few lines of opinion based on nothing.
    Sorry - you can wipe it out - its a free world - I just won't agree with you this time.



 
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