Goodaye guys,
its interesting looking at the Origin purchase of the Pangaea permit.
The press yesterday pointed out that Origin ahd quietly purchased 25% of ATP471 from Bounty Oil % Gas.
ATP471 is right beside ATP470 which is also owned by Origin.
The other 75% of ATP471 is owned by MOS (Mosaic Oil).
The only reason I can think that Origin would be interested in 471 & 470 is CSG - Origin are not oil explorers.
MOS has significant acreage around that area, but seems to be only interested in conventional oil and gas. I have held MOS for years- it is low priced and top 20 only hold about 20% of stock.
Whilst I posted this on MOS thread, I thought it was interesting trying to figure out what Origin is up to, as they seem to be intent on accumulating reserves or potential for reserves.
Any thoughts?
cheers
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