MOG 0.00% 0.5¢ moby oil & gas ltd

too quiet at moment, page-12

  1. 1,973 Posts.
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    I bought into MOG recently as I believe this announcement is long overdue and there is a serious correction about to happen but I have one little question.

    Why is the SP of MOG being suppressed like MEO's awaiting the announcement of the major farm-in?

    1. MEO have committed to drilling Artemis with no financial burden on MOG.

    2. The drilling will not happen any quicker because a major farm's in to the lease.

    3. Besides the hype MOG will be in exactly the same position after the farm-in as they are right now awaiting the results of the first drill whether MEO does it or a major.

    4. MOG will have exactly the same percentage of Artemis after the farm-in maybe even a possible T/O on the cards by the major to increase their share.

    Everyone has to agree the market is a strange beast.

 
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