Artemis prospect will present a high value asset ? dare I say we can be on the same ball park as Karoon?s Poseidon ? but largely worthless if Artemis come up dry without encountering any hydrocarbons. And there is a huge 70% chances this could happen ! For such extreme risk/reward play you need some bravery and prepare to loss everything on this stock. To me, Mog has no cash or any other valuable assets other than our supports purely on Artemis.
Only my opinion
MOG Price at posting:
13.0¢ Sentiment: None Disclosure: Held
