ggx is mutton dressed as lamb, page-18

Yes, I suppose you are right.

OIP is trading around its cash position now.

I really didn't think a company, with good prospects, trading around its cash position, could see its value eroded with such ease.

And yet, that is what is being proposed.

What do OIP shareholders want to be involved in - funding drilling in The Philippines (great jursidiction, that), and France?

Or having a really good go, with their oodles of cash, at PEL 6 and their conventional O&G targets?

And is OIP so flush with cash that they can spread themselves even thinner?

Just because OIP has been slow in drilling DOES NOT MEAN this is the only alternative.

Y