Twelve, the drilling of the Cornea (and Braveheart) had been arranged PRIOR to the announcement of the Capital Raising (R.I). For that purpose MOG had already made arrangements, "alternative arrangements" to us G.T's exact words. That is clearly evidenced A). By the fact that the spudding of Cornea WILL COMMENCE ON THE 14th Of December, BEFORE the completion of the R.I, the final day of which, is 5pm of that very same day... And B). By today's announcement by MOG. Here is part of it "....Moby Oil and Gas.......advices that the ....drilling vessel Songa Venus has been handed over to the Operator of the Cornea Joint Venture........"....... In my humble opinion, the above two Company (MOG) Statements CLEARLY indicate that the actual drilling of Cornea and the Rights Issue are two entirely different issues......Add to that G. Tuohy's assurances only yesterday that "alternative arrangements are in place", and you will NOT NEED TO BE AN EINSTEIN to come to the conclusion I came, and stated above......That the Cornea Drilling will go ahead, starting on Monday.....
Cheers:))))
MOG Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
