MOG 0.00% 0.5¢ moby oil & gas ltd

WC,IMO as the drill had not penetrated the target intervals...

  1. 1,950 Posts.
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    WC,
    IMO as the drill had not penetrated the target intervals there was no need for the TH this morning. If MOG was of the view that some other info. like elevated gas readings or oil shows that had occurred above the target intervals might "leak out" into the public arena then a TH would be prudent. Other posts have alluded to this possibility and it makes sense to me. I believe that MOG are very cautious with their disclosure obligations and that they may have taken such a decision in these circumstances.

    As you say, by now they hopefully have a much clearer picture which will be revealed tomorrow and I'm hoping based on my above deductions that HCs will be more likely present than not. However, for the time being and only bcos of the application of some considerable self restraint, my celebratory plonk remains sealed in its bottles.

    ANZ

 
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