Well I calculate that FIRB approval is due any day (and probably this week).
This is based on announcement of Petrobras Farm in on 14 April, and FIRB website stating decisions take 30 days plus 10 days on top of that to report the outcome.... so 40 days has passed and announcement must be due any time,...and probably this or next week...
So starting buying some more MOG today as I don't expect insto's to take new positions in MEO and MOG until this happens...
MOG Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held