Coaster wrote :
"Hi all,
I've just received the propectus in the post so I haven't had a chance to read through it yet, but something that I've seen with this float that I haven't noticed with others is that it is being promoted in NZ. I've seen it on lists of both Access Brokerage and of NZIJ.
This to me was really interesting because geographically Moby in concentrated around southern Australia and holds no acreage at all in NZ, so the people behind this float must be pushing it hard to bother with NZ, which, to be frank, has a market that is pretty uneducated when it comes petroleum E&P."
Moby (and Bass Strait) chairman Albers has close links to New Zealand's oil industry in general, and CUE Energy in particular.
I think you'll find thats the link.
Pay very careful attention to the beneficiaries of an oil find in Moby ; I think you'll find that the big winner is Bass Strait Oil Company (aka Albers), as Moby investors will pay 100% of the cost of drilling for 35% of the proceeds.
BSOC farmed into Moby off EBR at 100:75 btw.
This leaves ...
EBR ; carried, gets 25%
BSOC ; carried, gets 40%
Moby ; pays 100%, gets 35%.
You do the maths ... frankly, I think it is because the New Zealand market is uninformed about oil that they've been targeted for this float.
Before investing in this, read the fine print. All of it.
Ian Whitchurch
Coaster wrote :"Hi all,I've just received the propectus in the...
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