OIP orion petroleum limited
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up another 20% pending news

  1. WineCollector
    3,017 Posts.
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    20/07/09
    10:13
    Post #: 5407314

    This little Oil and CSG company is up another 20% this morning pending confirmation about joint CSG drilling with ESG in NSW and its own oil drilling in PEL 6 near the Qld border. With the added bonus of $13M in the bank and v low cash burn. At the moment it is outshining its larger partner with percentage gains. It has a very rosy future ahead and may well be a takeover target with a market cap of about $25M, considering the leverage it would bring with ESG and its leases. Keep and eye on this one.
    OIP Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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