MOG 0.00% 0.5¢ moby oil & gas ltd

boxing day sale - 50% off a 12tcf field in wa, page-19

  1. 6,352 Posts.
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    Goodoil
    According to CUE's 2009 annual rpt(pg 60), the Artemis permit(WA-360-P) expires on 31-01-2012

    MEO's farmin with CUE/Rankin Trend(MOG) requires MEO to "commit" to drilling a well by 01-01-2010, or 100% of permit reverts to CUE/RT(MOG)

    Imo, it all falls into place for MOG if MEO announce a farmout on good terms.
    Everything else, Albers rejigging the conditions etc, is secondary and arguably irrelevant if MEO don't close.
 
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