Sandune,
In my opinion, thats a very dumb move.
Compare the experiences of Oilex and Roma, both going up to the drill of Connolly-1 and beyond it.
Moby-1 is a one-shot deal, and MOG wont have the cash to keep playing offshore if it doesnt come in.
On the other hand, EBR will still be a quite viable mining exploration company.
Ian Whitchurch
well bid, page-3
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