Unhedged, I'm not sure what experience you have with wildcat wells. Basically if this is successful MOG (and MEO) will be trading at multiples of the current SP. Not 20c or 30c. For example, have a look at KARs SP immediately following Poseidon 1 gas shows. Artemis is much more material to (size viz a vis market cap) than Poseidon was to KAR and so its SP will be much more leveraged to the upside in the event of a gas find. MOG and MEO represent outstanding risk tolerant investments - I've been here before with KAR which I bought at $2.28 prior to drilling but I think MOG and MEO represent better value now than KAR was back in November/December 2008 (even though KAR had multiple bites at the cherry &, at the time, SA leases of unknown value).
MOG Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held