Blinky
Agreed, the assets of OIP and GGX are not very exciting. Fr'instance-OIP didn't drill a second well in the Darling (after Nynginderry) because its too risky and expensive and why they couldnt find a partner to come into the Bowen (after Wilaroo). GGX hasn't done anything in the Philippines for a year or two and there are no fields producing on Cebu island. The Canning is crap and France is really expensive and with a lot of risk.
So what's left? Oip's coal seam gas, that's what. If they luck in with good coal seams in the next two coreholes then shareholders will be riding a big share rise. If the coreholes fail, then may as well put the two companies together and let Morton dine out on Oip's cash.
I don't know much about Langusch...has he done anything of note? Interest to hearing how the AGM went but don't expect any new info.
- Forums
- ASX - By Stock
- agm could be interesting
BlinkyAgreed, the assets of OIP and GGX are not very exciting....
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares