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http://www.aussiestockforums.com/forums/showthread.php?t=10188

" Old 11th-March-2008, 10:46 AM
YOUNG_TRADER's Avatar


Join Date: Feb 2006
Posts: 3,240
Default MOG - Moby Oil and Gas
Hey guys

After a 3year silence in the Gippsland basin Apache have spud a huge well for MOG and are free carrying them through drilling,

The target is Coelacanth which is estimated to have a mean 30 -40 M bls of Oil recoverable

@ $20 bl = $600m - $800m EV

Net to MOG = $100m -$133m = 90c - $1.20

The upside is 75M bls which would be worth $3 to MOG

So I see the stock potentially running once the mkt is aware of the upside potential



Its an all or nothing play, but Apache have committed to dril 10 wells in the basin which should bring it to life, also MOG have another 2 free carried farmed out wells so there should be plenty of activity for it


Make no mistake its a speccy!!!!
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