No worries, look fwd to any responses, in case I've missed something.
If I'm correct, MOG have around the same cash as sister company BAS. Both hold same/similar permits in the Gippsland Basin and have roughly the same amount of shares on issue.
Main difference is MOG have a stake in Cornea, a complex structure that would require expensive horizontal drilling.
BAS have 50% of a low cost onshore appraisal drill scheduled for April 2011.
However BAS trades at 3cps and currently has half the market cap of MOG.
I think MOG has lower to go, probably down to 5cps.
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No worries, look fwd to any responses, in case I've missed...
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