28c by the end of the week is uber conservative - if all is positive. Its >$1 on a contingent 12tcf, never mind waiting for production testing down the track. Remember everyone that MOG is the most leveraged stock on the market to Artemis and when (if) we get confirmation - I think the chances are definitely over 50/50 now (the seal looks good and this reduced the CoS by 50% so you could argue the CoS based on announced data should now be 64%) - then MOG will rise the sharpest. With only 290m shares on issue a capitalisation over 300m for a 1200bcf share of a gas find adjacent to fields with LNG plants certainly wouldn't surprise me.
MOG Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held