Thank you oilman, thought I was the only one to be dismayed by the market's treatment of MOG. Coelacanth is worth around $4 per share to MOG and free carried to boot. This is some of the best leverage in a good quality well I have ever seen. Great partner, great data, great location. A 30 bagger if it comes in (assuming the market can be relied upon to imply some value to the discovery!)
And MOG falls from 17c to 13.5, a paltry $11 million cap with $2 mill in bank and more coming from STU.
I despair. At least it makes the choice of whether to hold through the well fairly simple.
Good luck. I hold BAS and MOG (overweight!)
MOG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held