$$$agl offers $1.35billion for oilsearch$$$, page-11

I think P/E is a little misleading for an oil company like this ..... there is the potential for oil output , and thus earnings to double to double ( forget the gas pipeline - thats a way off I'd say ) ..... subject to the result of the Moran drilling program there is potential for this stock to hit $2.00 + .

Resources have been defined at over 1 billion BOE -- proven reserves at closer to 100 million BOE --- there is a chance that more resources could become reserves ....... as for a take over play why not ??????

OSH have said themselves by buying their own shares they are effectively getting developed reserves at much less than than the cost of finding and developing them .........keep buying the stock for medium / longer term .

What price in 2 months ????? who knows ..but probably higher than current levels .