if you only read one thing this yr read this, page-19

I got a small parcel myself and keeping fingers crossed that the deal will go thru for MOG to acquire the permit interest in Artemis. Should be OK bcos looks like a great deal for MOG.

More interested in the CR that will follow as MOG will have to raise at least $21m to fund its share of the wells. After MOG acquires the Rankin Trend shares there will be approx. 200m shares on issue. The issue price of the new shares to raise the $21m will determine how many more shares will have to be added to the share capital. If the shares are issued at a price of 10 cents per share, that will add 210m new shares resulting in a total of 410m shares on issue, similar to MEO's total.

So, IMO there will be some dilution at the end of the day which should be borne in mind as to what outcome u can expect on a success of Artemis.

ANZ