proposed merger not proceeding, page-4

jake

No .. the deal is off so OIP will not purchase DM's GGX shares. The main change in valuation (although they don't point to it) is by Mulready &Co ... in the table on page 2 ... Canning Basin permit 453 now valued at $1.1m compared to $1.8m previously (optimal value).

jnash

I reckon it actually looks like OXX's lawyers were able to successfully challenge the basis of the valuation of GGX's assets (including particularly 453) and OIP/GGX have chosen not to go forward with a lenthy and costly legal stoush.

I wonder if this means that RL and particularly DM will remain on the board of OIP?

H