Otto takeover, page-4

Exactly, unless a big part of the prize is the exploration acreage...but unlikely.

However, the golden goose and the price it fetches are not gone yet, and hence a better offer could come for Galoc, or even for the whole company rather than it's principal asset.

Interesting that the two updated broker reports on the OEL website (linked by Ronstieb) have two completely different re-evaluations of OEL in light of the proposed Galoc sale deal....vis,
Hartleys have 13.7c/sh, and GMP have 20c/sh.

GMP is 45.98% higher than Hartleys, or Hartleys is 31.5% lower than GMP's....depending on which way you want to look at it.

Just goes to show that an independent valuation report on the asset/s in question is undoubtedly a good thing....something the NDO holders were deprived of...with little wonder imo!