MOG - Moby Oil and Gas
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Unfortunately the well was a duster, now Apache are pulling out of the program
I am hurting bad on this over $60k down now,
I knew MOG was a speccy but I wnet in hard on it thinking that the upside chances were just too good
C'est La vie you win some you lose some, but this lose does hurt
I suppose the only hope I have is the well still to be drilled by STU latter in the year
I am hurting bad on this over $60k down now,
I knew MOG was a speccy but I wnet in hard on it thinking that the upside chances were just too good
C'est La vie you win some you lose some, but this lose does hurt
I suppose the only hope I have is the well still to be drilled by STU latter in the year
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Drilling is now underway at Bazzard in the Gippsland Basin.
Mean potential target of 100mmbl. Should take a while to get to Total Depth so hoping for a chance that the SP will run a little.
I'm playing this as a BESBS (Buy Early Sell Before Spudding) play, although this is a long enough drill to hold a while as the bit turns in case any positive early news comes to light.
Although free carried by STU, MOG do not have a lot of cash in hand - especially when operating in expensive drilling areas such as deep waters like these. If it is a duster, I wonder if MOG might merge with BAS given the management and permit connections.
I am in at 7c.
DYOR
Mean potential target of 100mmbl. Should take a while to get to Total Depth so hoping for a chance that the SP will run a little.
I'm playing this as a BESBS (Buy Early Sell Before Spudding) play, although this is a long enough drill to hold a while as the bit turns in case any positive early news comes to light.
Although free carried by STU, MOG do not have a lot of cash in hand - especially when operating in expensive drilling areas such as deep waters like these. If it is a duster, I wonder if MOG might merge with BAS given the management and permit connections.
I am in at 7c.
DYOR
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The drill bit is now at 820m and turning at Bazzard-1.
At the current drilling rate, it will be a few days before the drill bit starts to turn through the intra-Latrobe zones. SP is rising slowly. Happy to hold for a few maore days to see if we get any good news early on...
At the current drilling rate, it will be a few days before the drill bit starts to turn through the intra-Latrobe zones. SP is rising slowly. Happy to hold for a few maore days to see if we get any good news early on...
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MOG now hit 9.5c (up 30% on entry priced listed on Sept 23). So far this puppy is behaving very well as the drill bit turns. I'll be watching carefully next week for any positive news early into the 'zones of interest', otherwise I'll be jumping off board and hoping to pocket the profit.Happy to wait...
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BESB's,
very interesting strategy you have...
with these small companies you get the chance to lock in the profits pretty much every time when a well comes along...
I have a different sort of strategy on oil and gas investment...
hope all goes well for you...
.^sc
very interesting strategy you have...
with these small companies you get the chance to lock in the profits pretty much every time when a well comes along...
I have a different sort of strategy on oil and gas investment...
hope all goes well for you...
.^sc
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G'day SC.
As you say with CUE etc, there are many different strategies. With careful research, many different strategies can be successful.
At present the BESBS method is working well. There are so many junior oilers who appear undervalued at present but the market seems to want big target projects that are fully funded, rig secured and about to drill before they will throw the money at them. This suits the BESBS strategy, and if played carefully, you can even hold for some of the drill in case early success arises. So currently we see money (at times) thrown at big shot drills with little likelihood of success while some smaller producers can increase reserves and the SP sits.
Interesting you mention CUE. I'd be looking at CUE as a BESBS with Zeus along the line. Once the market is convinced that RDI can fund its share of the drilling, I reckon CUE will rise quickly before spudding.
Good luck with your work...
BESBS PLayer
As you say with CUE etc, there are many different strategies. With careful research, many different strategies can be successful.
At present the BESBS method is working well. There are so many junior oilers who appear undervalued at present but the market seems to want big target projects that are fully funded, rig secured and about to drill before they will throw the money at them. This suits the BESBS strategy, and if played carefully, you can even hold for some of the drill in case early success arises. So currently we see money (at times) thrown at big shot drills with little likelihood of success while some smaller producers can increase reserves and the SP sits.
Interesting you mention CUE. I'd be looking at CUE as a BESBS with Zeus along the line. Once the market is convinced that RDI can fund its share of the drilling, I reckon CUE will rise quickly before spudding.
Good luck with your work...
BESBS PLayer
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thanks BESB's,
Keep us posted as to how you go with the rest of your trade...
Its interesting to note that there are five target zones...
Perhaps wait for results from the first zone?
.^sc
Keep us posted as to how you go with the rest of your trade...
Its interesting to note that there are five target zones...
Perhaps wait for results from the first zone?
.^sc
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SC,
I have now sold 80% of this stock at 9c average (30% profit).
Plan to watch the drill now. Bazzard is already at 2100m so should be in first zone. Might allow it to go to 2nd zone before jumping ship.
I have now sold 80% of this stock at 9c average (30% profit).
Plan to watch the drill now. Bazzard is already at 2100m so should be in first zone. Might allow it to go to 2nd zone before jumping ship.
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good work BESBS...
MOG buy side has dropped to 8cents...
and still sitting quite pretty on such a day...
Ive never seen the markets this bad (ever)...
It does not matter what happens with Bazzard outcome,
no need to gamble with profits... good on you...
.^sc
MOG buy side has dropped to 8cents...
and still sitting quite pretty on such a day...
Ive never seen the markets this bad (ever)...
It does not matter what happens with Bazzard outcome,
no need to gamble with profits... good on you...
.^sc
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Thanks, SC.
In this market, profit is profit and I think most would agree (from what I have seen around the super funds), profit has not been easy to come by.
MOG should now be in to the first section of interest. Still holding my last parcel but watching carefully tomorrow.
BESBS Player
In this market, profit is profit and I think most would agree (from what I have seen around the super funds), profit has not been easy to come by.
MOG should now be in to the first section of interest. Still holding my last parcel but watching carefully tomorrow.
BESBS Player
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Only a tiny bit of MOG now.
Happy to let this sit and see if a positive announcement comes up in the next day or so...Still might win the lottery on the little holding but happy to have the profits locked in.
Happy to let this sit and see if a positive announcement comes up in the next day or so...Still might win the lottery on the little holding but happy to have the profits locked in.
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Good trading BESB's..
MOG now at 5cents... down from the high above 9cents last week...
.^sc
MOG now at 5cents... down from the high above 9cents last week...
.^sc
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Decided to jump off board today with the final small holding (at a small loss). Waited as long into the tatts draw as I could but no more...
MOG might still come up with a winner but the odds were not high enough for me.
Early zones were water filled.
Main sands drilled today. If a big hit, I might have thought that an afternoon announcement might come through??? Based on this assumption (and that is all it is), nothing startling has occurred this afternoon.
MOG too risky now for me. Very limited cash, no short-term prospects, SP likely to plummet on a duster at Bazzard.
Good luck to all holders and I hope that the lower sands do bring joy to the coffers!
Overall, a 25% profit in this market was and is fine by me.
MOG might still come up with a winner but the odds were not high enough for me.
Early zones were water filled.
Main sands drilled today. If a big hit, I might have thought that an afternoon announcement might come through??? Based on this assumption (and that is all it is), nothing startling has occurred this afternoon.
MOG too risky now for me. Very limited cash, no short-term prospects, SP likely to plummet on a duster at Bazzard.
Good luck to all holders and I hope that the lower sands do bring joy to the coffers!
Overall, a 25% profit in this market was and is fine by me.
MOG up more than a staggering 280% today to 30.5 cents based on an announcement, concerning what looks like WA tenements.
Quote
Moby Oil & Gas Limited (“Moby”) (ASX Code: MOG) is pleased to advise it has entered into an agreement to acquire from Gascorp Australia Pty Ltd (“Gascorp”), all of the shares in Rankin Trend Pty Limited (“Rankin Trend”), a wholly owned subsidiary of Gascorp. Rankin Trend holds, or is entitled to hold, an undivided 15% Participating Interest in WA-360-P and an undivided 50%
Participating Interest in WA-409-P.
WA-360-P contains the Artemis Prospect identified by the permit Operator, MEO Australia Limited (“MEO”) (ASX Code: MEO).
Unquote
Couldn't resist the soft-centred chocolates so unloaded my holding today.
Thanks to YT for identifying this one back in March 2008.
Quote
Moby Oil & Gas Limited (“Moby”) (ASX Code: MOG) is pleased to advise it has entered into an agreement to acquire from Gascorp Australia Pty Ltd (“Gascorp”), all of the shares in Rankin Trend Pty Limited (“Rankin Trend”), a wholly owned subsidiary of Gascorp. Rankin Trend holds, or is entitled to hold, an undivided 15% Participating Interest in WA-360-P and an undivided 50%
Participating Interest in WA-409-P.
WA-360-P contains the Artemis Prospect identified by the permit Operator, MEO Australia Limited (“MEO”) (ASX Code: MEO).
Unquote
Couldn't resist the soft-centred chocolates so unloaded my holding today.
Thanks to YT for identifying this one back in March 2008.
Hello guys, Newbie here..
I have been keeping my eye out on these shares for a few weeks now and just wanted to ask were I could find some more information on the company?
Do they have a website with drilling and detailed information or is there another source to find the detailed info you guys know that I don't.
Thank you
I have been keeping my eye out on these shares for a few weeks now and just wanted to ask were I could find some more information on the company?
Do they have a website with drilling and detailed information or is there another source to find the detailed info you guys know that I don't.
Thank you
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www.moby.com.au
http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=MOG
a couple of sources for you
http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=MOG
a couple of sources for you
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MOG up more than a staggering 280% today to 30.5 cents based on an announcement, concerning what looks like WA tenements.
Quote
Moby Oil & Gas Limited (“Moby”) (ASX Code: MOG) is pleased to advise it has entered into an agreement to acquire from Gascorp Australia Pty Ltd (“Gascorp”), all of the shares in Rankin Trend Pty Limited (“Rankin Trend”), a wholly owned subsidiary of Gascorp. Rankin Trend holds, or is entitled to hold, an undivided 15% Participating Interest in WA-360-P and an undivided 50%
Participating Interest in WA-409-P.
WA-360-P contains the Artemis Prospect identified by the permit Operator, MEO Australia Limited (“MEO”) (ASX Code: MEO).
Unquote
Couldn't resist the soft-centred chocolates so unloaded my holding today.
Thanks to YT for identifying this one back in March 2008.
Your welcome Yelnats manage to buy more at 12c today to add to a small holding I already had
Took alot off the table today around the 40c mark
Staggering returns! Makes you feel good to be a trader
The market just loves these huge offshore oil and gas plays!
Your welcome Yelnats manage to buy more at 12c today to add to a small holding I already had
Took alot off the table today around the 40c mark
Staggering returns! Makes you feel good to be a trader
The market just loves these huge offshore oil and gas plays!
Amazing how positive the market can react to an acquisition. With under 500K in the bank, by issuing 120 mill shares for a new acquisition the sp more than quadrupled today. Could the same happen to BKP who are on the look out?
DYOR
Finished on its low today at 35 cents after getting up to 57.5 cents, a huge 64% trading range.
I wonder if the immediate good news is wearing off now, and whether the price will revisit lower levels. If so, I may consider getting back in. Watching and pondering.
I wonder if the immediate good news is wearing off now, and whether the price will revisit lower levels. If so, I may consider getting back in. Watching and pondering.
