What do you reckon? About 160mm at 25 cps for $40mm to leave Mr Albers/Gascorp with about 40% of a pretty interesting little O&G explorer, plus of course his free carry stakes in Braveheart and Cornea paid for by MOG.
Might be at least worth being on the register for a heavily discounted SPP.
Still a lot cheaper ticket than MEO for Artemis, but can't say that wrt CUE. What WC conveniently ignores in his blatant shameless ramping is that probably 2/3 of CUE mc is supported by the producing Maari field and Oyong.
Wish I'd got on when I first saw them at 22 yesterday, but now up or down is a tough call imho - certainly not my definition of a no-brainer.
EL
MOG Price at posting:
31.0¢ Sentiment: None Disclosure: Not Held
