"Moby Oil & Gas Limited (ASX code: MOG) (Moby or Company) is pleased to advise that the sale of a 5%
Participating Interest in WA-360-P, by its wholly-owned subsidiary Rankin Trend Pty Ltd (Rankin Trend) to
North West Shelf Exploration Pty Ltd (North West), a wholly-owned subsidiary of MEO Australia Ltd (ASX
code: MEO), is now unconditional.
The WA-360-P permit contains the Artemis Prospect.
The sale by Rankin Trend to North West is for a cash consideration of US$7,000,000 (approx A$7.47
million), of which a deposit of US$1,500,000 (approx A$1.76 million) has been received."
While a lot hinges on the success of Artemis for MOG, there is also the recent Apache farm in, Cornea (not entirely convinced but Geoff Albers sees value and who am i to argue with him, he knows his stuff IMO), plus other rats and mice.
Perhaps a couple of grand could be spent on the website, looks like they just scanned in the poster of the office wall LOL!
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value of artemis for mog? $97 per share?, page-21
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