re: Ann: MEO: Acquires additional 5% equity i... Hey Ron, I...

re: Ann: MEO: Acquires additional 5% equity i... Hey Ron,

I diasgree with,...

"Cant see a MOG farmin to Goldsborough interests. Gold/s prospects look like more high risk expensive longshots to me.
MOG already have that with Artemis/Cornea. No need to stretch themselves even further."

Godsborough is at a stage where they need to conduct a massive seismic program over their permits in northern territory. I am by no means suggesting Albers will use MOG as a vehicle for wells, but what he may just do is use the cash to conduct the seismic program. Then attempt to farm-out the wells to majors and others. Basically do exactly what he did in Gippsland basin, with farm-in on top of farm-in.