moby oil, page-12

Hi ronstieb

A while ago I thought that the extension of the MOG RI date may be due to their Artemis content but I agree there are other factors which also contribute - including your comments and the publication of the replacement reports by SRK and RPS.

Not that I like discussing other stocks in the MEO forum (and I don't hold MOG shares), this is all I will say:

Mr Albers has used the Artemis interest to indirectly float Gascorp IMO to provide impetus to MOG's RI for funds needed for other MOG's projects. The initial interest has died and the fact that MOG will not now get 50% Artemis, because of MEO's CR, has caused a few headaches for MOG(IMO) - even though 15% Artemis, if successful, will provide good revenue.

I believe that the delay in MEO's farminee announcement has upset more than MEO shareholders - judging by today's MOG chairman's (Alber's) letter almost pleading for MOG SHs to take part in the RI. I am surprised traders have left MOG alone for the last month but a lot can happen in two remaining weeks.

MEO's management have taken a lot of flak for their CR efforts but at least they do have the money in the bank now.

This is only my opinion so please take it with a pinch of salt.