MOG 0.00% 0.5¢ moby oil & gas ltd

re: Ann: Acquisition of 15% of WA-360-P (Arte... What an epic...

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  1. 7,117 Posts.
    re: Ann: Acquisition of 15% of WA-360-P (Arte... What an epic ann going unnoticed by the market

    MOG getting a 15% free carried interest in MEO's Artemis is huge!

    MOG currently has 80m shares on issue, with 120m for this new acquisition thats 200M shares = a current Market Cap of $24m

    MEO which will have a 20% carried interest post farmout is $255m mkt cap


    MOG $25M 15% free carried Artemis
    MEO $255m 20% carried Artemis
    You do the math
 
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