MOG 0.00% 0.5¢ moby oil & gas ltd

The obvious near term game here is will Apache drill a well in...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 6,352 Posts.
    lightbulb Created with Sketch. 62
    The obvious near term game here is will Apache drill a well in WA359 or 409, or not ?

    I see the recent accumulation by Albers as neutral wrt whether or not Apache will execute.

    The bulk of the increase in Albers holding came from an off market trade on 04-04-2012. That trade was for 7.6 million shares at 2.8cps.
    Only a couple of non Albers top 20 holders have that many shares to sell.
    Fair to assume anyone holding that many would be aware that a decision from Apache was due soon.
    So why did they sell at only 2.8c ?

    Maybe a distressed sale ?

    Historically, Albers's buying hasn't been a good indicator of sp gains in MOG (or BAS).

 
watchlist Created with Sketch. Add MOG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.