MOG 0.00% 0.5¢ moby oil & gas ltd

they haven't really sold it.. just vended their share of the...

  1. 252 Posts.
    they haven't really sold it.. just vended their share of the lease into a public company, presumably so they can raise funds much more easily (much more difficult if kept private) for their other commitments. raising $21mil shouldn't be much of a prob now, particularly if the share price keeps on going like it's expected to

    ownership of the main asset (the 15% stake) will change a little, but for the most part it will remain pretty much the same
 
watchlist Created with Sketch. Add MOG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.