hurricane alert off the coast of wa, page-4

MOS own 6% of the Petroleum Lease off the coast of WA, which includes Hurricance. MOS have stated in presentations that success would provide around 8c onto MOS share price. Success though would be worth more than that to shareholders as it would provide the necessary funds to extract the reserves that MOS have in the ground. It would also increase the chance of some of the other wells in the WA PL.

There has been a lot of talk of takeover around MOS, and predators may jump in before Hurricane drilling to avoid paying a lot more. Either way an interesting couple of weeks ahead.

I notice great support on the buy side this morning in pre-open.