Ann: Completion of Farmout to Oil Basins Ltd , page-6

re: Ann: MOG: Completion of Farmout to Oil Ba... Yes it seems OBL have saved 1.5 million on the rights and will be on title. Therefore they will be at the owners meetings etc. I am not sure why this venture will become very popular 1/7/12? as per Obl slides. All I know cnooc is looking at it and there is heaps of oil. Another company making asset got very cheap for zero ie saved paying a 1.5 million right.