OIP 0.00% 4.3¢ orion petroleum limited

oip shareholders beware, page-9

  1. 3,890 Posts.
    I think what is even more scandalous is the spinning off of assets to form a new company when it would appear there never was an intention of having those assets used to benefit shareholders in the first instance. In fact it is starting to look like the new 'company' (OIP) was only formed to fund ESG and there is (and always was) a plan in place to recover those assets (particularly the CSG rights back which have now mostly gone back to ESG via the corehole drilling program) leaving OIP almost an empty shell.

 
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Currently unlisted public company.

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