punters,
in the full year results, OSH reported avg oil price was US$65 per barrel...so far this year the avg has been over US$77, substantially more than the expended fall in 2010 production of approx 10%; oil has put on over US$10 in the past 4 weeks, OSH has made some excellent announcements in relation to PNG LNG, with financial close due this quarter; capital has already been raised so will not need to go to market again to fund the project. OSH is major stakeholder in of one of the strongest LNG projects in the region in partnership with the biggest oil company in the world. insto valuations approx $7+.
yet OSH share price has continued to fall, down 25% from it's october09 high, and 16% from the start of the year. i really must be missing something here
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- Ann: SPA with CPC. 2 March 2010
Ann: SPA with CPC. 2 March 2010 , page-7
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