Thats why I did a ringaround after the initial announcement, checking it with industry people.
They didnt think it was a discovery.
Sure, it's possible that they are anomalously low gas readings in a charged structure. But we dont have permiability numbers from Moby-1, because they havent released the core sample data.
Right now, Moby-1 is a wildcat that got gas shows. Moby-2, if and when it gets drilled, might be productive - but Moby-2 wont be until next year.
Ian Whitchurch
MOG Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held