Wonder what people think of points 2(a) & 3 in MOG's friday update!!
In 2a, they got the date wrong for starters 1 Jan 2009, should b 2010. Why would u want something backdated?
Secondly, they are talking about increasing their stake to 35% or 50%. How is 50% possible? Given that MOG will end up with 15% of Gascorp & MEO are currently farming-out 50%, so logically the remaining 20% could b flogged to MOG, from the sounds of it. Does this mean MEO are selling their entire 70%, I dont know.
Only a 'legal-eagle' could decode any hidden messages in this latest update from MOG.
We are yet to see that independent analyst update on Artemis, that MOG mentioned a few weeks back!! Wonder where that ended up & if they found more then 20.3 tcf UGIIP!!
I am expecting the fireworks to start off nxt week with MEO, as we may see more punters jumping in for a last minute 'dash for cash'!!
MEO Price at posting:
57.5¢ Sentiment: Hold Disclosure: Held
