TOT is calling his prediction b4 anything eventuates-far better than the posters that do such after the event. MEO have a "major" farmin partner that will wipe mogs bum after this BH result (mid feb I believe the farmin partner will be announced. IMO) I posted this on meo's forum late dec-early jan to a bit of ridicule but the firb approval is all that is required from my knowledge to get an announcement to the market and that can take 90 days, and they didnt release that info till mid nov.
If it is a complex one that invloves tassie shoal as well IMO it is somewhat understandable for the delay- plainly the farmins choice, it's not a company maker for them as it could be for MEO and they need the help and some credability (after all the promises and delays) so they IMO will do what there told if there getting reimburst for seismics etc which was a stipulation in the farm out.
MEO' s CR was to be able to commit to drilling Artemis or they would have lost there 70% interest-good move.
MOG have a free carried 15% interest in Artemis (as do CUE) so have nothing to lose as I don't believe a success on Artemis is factored into MOG SP at the moment, this is not a chance to voice your sour grapes but TOP UP, IMO.
I surf and have dreadlocks so Im probably under educated
to be trading shares.
My disclosure says "no position" because I sold my parcel for 22c on Tues morn.
MOG Price at posting:
17.0¢ Sentiment: None Disclosure: Not Held