The JV partners for Maclean-1 would be aware of what they have...

The JV partners for Maclean-1 would be aware of what they have now...

Or are they?

At best they have struck a serious oil column...at worst they have found nothing but dust.

There is also a chance however that results may be inconclusive...there is a chance they simply get "shows" that require further investigation?

The suspense this morning is not unlike grand final day...holders want a win...recent sellers are hoping faor a fall...and just about everyone is hoping we don't get a draw.

Cheers!

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For those interested, the following extract in relation to share transactions from related parties is taken from MOG's CORPORATE GOVERNANCE CODE OF CONDUCT...

Share Transaction Policy

The Company’s share transaction policy provides guidelines for designated officers in regard to trading of the Company’s securities.

A designated officer conducting a trade is responsible and accountable for ensuring any trade they conduct complies with the law and this policy.

A. Designated Officer
The policy applies to all members of the Board, the company secretary, and all employees, consultants/contractors from time to time to whom the Board, on the advice of the CEO, consider the policy should apply. The CEO is responsible for ensuring the policy forms part of relevant contractual arrangements with those consultants/contractors to whom the Board has decided the policy should apply.

B. Trading window
Designated Officers may only conduct trades in the period of 28 calendar days after the release of a quarterly or financial report or any other announcement to ASX unless provided for in D.

C. Trading black-out
A trading black-out may be declared by the Chairperson on the advice of the CEO at any time for corporate governance purposes. During a black-out Designated Officers may not conduct trades. The CEO in is responsible for ensuring all Designated officers are advised immediately of the existence the duration and reason for declaring any black out. The provisions of a black out period over ride any other provisions of the trading policy.

D. Trading at other times
Designated Officers may at the discretion of the Board conduct trades at other times on the grounds of financial hardship. The designated officer wishing to utilise this provision should raise the matter with the chairperson who will secure board approval in an appropriate manner.

E. Trading in financial products issued or created over the company’s securities by third parties.
Designated Officers are excluding from conducting such trading, except with the consent of the Board.

G. Trading in associated products which operate to limit the economic risk of security holdings in the company
Designated Officers are required to notify the Board any such material transactions