MOS have been looking for a big oil gusher for 10 years.
They have already stated the gas pays the bills but oil generates the profit. They were bitterly disappointed when Hurricane-6 proved to be uneconomical because it would have paid for years of drilling. Former directors kept ringing the company to get inside info but were told to get lost. After the result they all dumped their remaining stock. Also, MOS had to place shares and dilute holders.
These gas dicsoveries will add revenue but will not re-rate the company. They need a 'big' oil discovery.
MOS Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
