re: Ann: MEO: Acquires additional 5% equity i... ""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.""
Fair enough Dexter. I wont rule that out.
However it might be prudent of MOG to conserve cash until the A-1 result and further WA360P commitments are known, and the expenditure (if any) for further exploration/appraisal at Cornea is decided.
I do agree that over time, anything can happen given Albers myriad of interests.
Btw, did the proposed NSX listing for Goldsborough ever go through ? I have the prospectus pdf from their website but couldn't find them on the NSX site.
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