$7million market cap--> bas exposure, page-17

re: one to watch ****no money!
from the lastest OIL Report, afraid not!!!

Gas?
Moby Oil and Gas (MOG) now needs to replenish the coffers given
that it has spent a major portion of the funds it raised on Moby. It has
some 13 million options expiring in December with an exercise price of
20 cents so the company will hope its share price stays at current levels.
But without any drilling activity coming up we are not sure what would
do that.
And usually when options are falling due, holders of both the fully paids
and the options sell the former to fund the exercise of the latter. As a
result there can be some downward pressure on the shares.
BAS on the other hand , has hardly spent anything on Moby and has the
Zane Grey well coming up in December in another lease in the offshore
Gippsland Basin, a prospect targeting oil close to Australia’s largest
ever oil field, Kingfish.