I find it astouding that a Company that is involved in a well with Apache Energy within the next month and further wells this year is currently being sold down to a lowly 13.5 cents. Obviously the market doesn't get it. If you beleive in the whole Gippsland story, Moby has the best leverage out of all the exploration companies in the region. If Coelacanth is a valid Top Latrobe closure, this will be a discovery. Apache are quoting in various reports, a potential 60 - 70 million recoverable barrels in the Top Latrobe. Stacked pay potential also a chance in lower zones. Will be a very interesting well. Good fortune to all holders.
MOG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
