Even if the farm in partner isnt a major ive been thinking that IF gas is found, that the next biggest step is to actually get forward sales of all that gas to be able to lock in fiance etc. Why wouldnt Woodside buy some of that gas given Ive read here that the first train costs $12b and the second train costs $6b, to then on sell. Big economies of scale. Chevron might also be interested too. Seems to me that this is a great play in a hot industry. CSG isnt even tested yet really. i also read in the paper that Artemis is two 6cf "areas" i think so it represents two bites at the cherry, even a 6tcf find is great news and justifies current prices, IF gas is found. If you dont like a punt, then exit in the short term but why sell before at least the farm out? and i dont really understand charts.
MOG Price at posting:
24.1¢ Sentiment: ST Buy Disclosure: Held
