new venture opportunities, page-2

Hi Anatolia,

Fantastic post, well done. But I want to add few points...

Having read what Jurgen said recently in his statements to SH's, MEO has many options to execute in relation to future prospects. The outcome and execution of these opportunities will be hinged on FIRB.

In my opinion, MOG envy MEO in their success for attracting Petrobras to the table. It required lots of skills and of course lots of Gas. But nevertheless, MEO have the know-how which MOG needs those know-how's desperately....

Here what MOG said today..

"In due course, the Company will seek to raise funds, whether by farmout, by partial sale of assets, by placement of shares (and options) or by new shareholder entitlement issue, as and when considered appropriate by the Board, in order to satisfy the facility"

When I put two and two together..I come up with some questions;

1./ Why would MOG wait until they are almost run out of funds? Are they waiting for MEO to finalise FIRB before a cash transfer?

2./ How will MOG deliver what they said today?

3./ MEO's cash + know how = MOG shares (lots of them) ?

In my opinion, it could be a done deal with MOG...matter of time before something is announced. I can feel that there is more in the air with MOG.



My posts are my opinion only. No advice is given or intended. You should always do your own research.