Moby 1 EBR 25%, MOG 35% BAS40% all JV participants in Moby 1 well. MOG 40c today BAS hit 55c today from a 20c float after 4-5 weeks. CBA have bought in so must have some good knowledge/info. As far as I can tell MOG only have 35% of Moby1 plus some cash. But Eagle Bay EBR have 25% almost free carried in Moby 1 plus lots of other excellent assets/prospects and cash. If CBA think Moby 1 is a goer then this should reflect well on EBR.
IMHO