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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Med Oil & Gas | LSE:MOG | London | Ordinary Share | GB00B0MZGF99 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.375 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
18/11/2013 13:52 | So basically MOG could be largely worthless? | bobobob5 | |
19/10/2013 08:28 | Mediterranean Oil & Gas (MOG.L): Ombrina Mare gets smaller The company's Q3 operational update includes details of a new independent resource assessment for the Ombrina Mare discovery (MOG 100%), offshore Italy. New 2C resources are set at 25.1mmbbls plus 6.5Bcf, a ~35% reduction on the previous estimates. The transfer from reserves to resources reflects the company's continued challenges in securing a Production Concession for the potential development. The asset accounts for 7p of our 10p/share Tangible NAV, based on the prior resource/reserve estimates. Elsewhere in the portfolio, high-impact drilling offshore Malta remains on schedule for a Q1/14 start with the Hagar Qim-1 well. MOG has a 25% carried interest in the 109mmbbl prospect that carries upside/downside of +22p/-2.5p per share. Work to improve production from the Guendalina field is ongoing, current net production of 215boe/d is in line with our expectations. Source: Company release, RBC Capital Markets estimates | ohisay | |
18/10/2013 08:05 | Looking at their news this morning they look ok. But they will need lots of money if they lose a big chunk of money to LGO. | mug3 | |
02/10/2013 20:19 | Gut feeling we have positive news on ombrina -- Headway made in advancing the Production Concession application for Ombrina Mare (MOG W.I. 100%), Italy: | ntbb | |
02/10/2013 16:03 | Well, someone picked up 2m / 0.5m / 0.3m at 6p today just after 15.34. A curious punt on a generally negative day. Would suggest someone somewhere knows something. | mdchand | |
01/10/2013 09:41 | The value at the time of the alleged breach is what the asset was actually worth at the time by reference to the Genel deal, not what LGO might have thought it was worth, based upon incomplete information from MOG. | bobobob5 | |
30/9/2013 17:17 | I thought LGO assessed the value of the claim at something like $1 plus not having to pay up all the money they owed MOG? Is that the value you mean? | megabear | |
30/9/2013 16:22 | Don't you think it was amazing how MOG bought out LGOs share without for one second thinking about any comeback. I am sure they got legal advice beforehand so keep this in mind when SPECULATING and GUESSING what you think may happen. | jamiedodge | |
30/9/2013 15:59 | The Judge required MOG and LGO to consider the value of the claim *at the time of the alleged breach*. What the well discovers is irrelevant. The same Judge (Christopher Clarke, now an Appeal Curt judge) ruled in the same way on another case earlier this month. | bobobob5 | |
30/9/2013 15:03 | I'm not sure I follow your reasoning. If Malta is a dud then surely MOG will be more than happy to settle with LGO ex-post by returning LGO's share of the dud asset? If on the other hand it isn't a dud, and if by some stretch of the imagination LGO happen to win next year, then settling won't be all that much of an issue. | megabear | |
30/9/2013 13:21 | If Malta proves to be a dud, which on the Chance of Success statistics is probable, MOG will potentially be in serious trouble. Where's the upside in their portfolio? Fighting LGO is absurd; they should IMO settle it, and focus on their portfolio. Because if MOG get the strategy wrong, this could IMO fall to 3p or less. Just my opinion. | bobobob5 | |
27/9/2013 15:34 | Looking at 15 min delayed trades, they all at 6p so its all buys and cant see any sells yet | ntbb | |
27/9/2013 15:32 | Exactly bambam, why on earth would you first to say open to settle unless you know your case is weak | ntbb | |
27/9/2013 15:26 | Lenigas saying LGO were open to offers to settle did sound quite weak to be fair. | bam bam rubble | |
27/9/2013 15:18 | Anyone know how many shares left at 6p | ntbb | |
27/9/2013 15:12 | This case reminds me of gkp and gkp won same will happen here, lgo cant take the fact they lost out | ntbb | |
27/9/2013 12:09 | bono, ideally one should reach a settlement where there are grey areas, but if MOG is utterly sure about its legal position it has no need to reach a settlement. I hadn't twigged the change of lawyers, but that have been due to the partner in charge moving firms. I do wonder how much of MOG's share price already prices in a substantial settlement which perhaps makes it a better longer term bet than perhaps the market believes. | mdchand | |
27/9/2013 12:02 | obviously the LGO shareholders are all/most going to say LGO are going to win and all/most MOG shareholders will say MOG are going to win and various interpretations of RNS comments biased each way. Let the courts decide and lets all move on with our lives. | glyn10 | |
27/9/2013 11:18 | bobobob5 Relatively small matter? Why give money away if you are not wrong. What kind of message does that send to other chancers. | jamiedodge | |
27/9/2013 11:09 | That's not the case. A Judge requires things to be resolved *without* a trial if possible; the vast majority of Claims are indeed resolved without the need for a trial. A Judge will be more pleased, in the general case, with a litigant who seeks to settle a case rather than with one who refuses to discuss such possibilities. I think you're right: if MOG lose this one, their board are potentially finished. Digging in so deep over a relatively small matter is imo unwise. | bobobob5 | |
27/9/2013 07:26 | 27 September 2013 Mediterranean Oil & Gas Plc (the "Company" or "MOG") Malta Area 4 Operational and Litigation Update The Board of MOG notes the announcements by Leni Gas and Oil plc ("LGO") on 23 and 24 September 2013 ("Recent Announcements") and wishes to restate its position both as regards progress on Malta Area 4, and on certain matters in relation to the legal claim made by LGO against two subsidiaries of the Company. First, and foremost, the offshore Malta Area 4 work programme is unaffected by the dispute with LGO. We continue to work closely with our partner Genel Energy plc and with the Malta authorities to prepare for the drilling operations that are forecast to commence in Q1 2014. With respect to the dispute with LGO, their Recent Announcements, including their mention of being open to settlement discussions, give MOG further reassurance in the defence by the Company's two subsidiaries against the legal claim made by LGO. MOG continues to refute the various claims that have been made by LGO and remains confident that the Company will face no liability. The allegations in the proceedings LGO has brought are unfounded and the Company will defend itself and the interests of its shareholders rigorously against such allegations at the trial of the action, scheduled for March 2014. Interesting RNS today - MOG's management (rightly or wrongly) really sticking their colours to the mast here saying LGO have no case to answer. MOG get this wrong, I would expect the management to walk. But that said, good to see them getting aggressive at last and talking the talk. Was going to wait until the case went to court, but I might be tempted to take a nibble here now. As they rightly said, you only look for a settlement if you think your position is weak.......... | mdchand | |
23/9/2013 21:49 | maybe they wanted to give them away to you for 6p !! | luminoso | |
23/9/2013 10:38 | Started to add here, strange i bought 15k shares at 6.25p but it shows 15k sold at 6p, i guess mm are upto no good again | ntbb |
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