Were these 2 discoveries great ? Short answer is NO How much it costs the other 2 puppies (Tassie Shoals ) ? US 1.6 mil only but very weather dependent - must de-man once cyclones friend is here .......Albers, Santos and recently Petrofac all making the right call by pulling out completely.
To me Meo + Mog are sharing the same extreme risk No doubts, their pockets are slightly deeper than Mog but carry no meaning to progress with Heron / Blackwood.
"extreme risk - extreme returns".... bring on Petrobras
MOG Price at posting:
12.5¢ Sentiment: None Disclosure: Held
