No worries, look fwd to any responses, in case I've missed something.
If I'm correct, MOG have around the same cash as sister company BAS. Both hold same/similar permits in the Gippsland Basin and have roughly the same amount of shares on issue. Main difference is MOG have a stake in Cornea, a complex structure that would require expensive horizontal drilling. BAS have 50% of a low cost onshore appraisal drill scheduled for April 2011. However BAS trades at 3cps and currently has half the market cap of MOG.
I think MOG has lower to go, probably down to 5cps.
MOG Price at posting:
6.5¢ Sentiment: ST Sell Disclosure: Not Held
