Oscar are you a comedian? MOG the vehicle? MEO the engine?...

Oscar are you a comedian?

MOG the vehicle? MEO the engine? Albers the driver????
What are you on mate?

Albers use to own a significant amount of shares in MEO, until he had a falling out with Chris Hart (CEO of MEO at the time). They disagreed on the vision and future of MEO. Albers did what he had to do, sold out of MEO for $30 million and walked. His success was always tied to MEO on the NW shelf, given his companies farmed out to MEO(which at the time was another of his companies). He benefitted all round.

MOG was used as a vehicle to develop the Cornea and Braveheart permits and it rewarded MOG holders with Alber's 15% interest in Artemis. Albers would naturally get a heap of shares for giving you a slice of his Artemis exposure. The fact he took up part of the shortfall was very promising. Indicates he is confident with Artemis being the last roll of the MEO dice. No one will continue to support MEO after years of continued failure.

MEO already has 2 gas field discoveries, which make up part of TS. They have $40 mill and Artemis on top of that.

If Artemis is a duster MOG is going to plummet and MEO is going to plummet. CUE is resilient and already has production and other developments like Caterina to support the SP.

MOG have a history of well failures. Involved in 6 wells in Gippsland basin, all failed. Braveheart made 7 and Cornea was 8. If you believe Cornea is a discovery then your entitled to your own opinion. In my eyes they did not improve on Shells results at all. Im not going to elaborate on that, you can DYOR or speak with some industry professionals.

If Artemis fails its simple, everyone loses. If you want to limit your loss enter CUE. If Artemis is a success MOG will become a beast. Albers will use it to drill in all his other acreage. Only a matter of time before he decides he wants to start drilling his 12+ permits in the Bonaparte Basin.