Was thinking yesterday about many of the comments re OIP and Morton. I suspect that many have forgotten that Morton was the MD of ESG and one of the founding shareholders and directors of ESG.
Thinking about that further, my view is that one of the key drivers behind the proposed transaction with GGX is the fact that the major shareholders in OIP had enough of the folly of the previous board. (2 wells in 2 years guys and sitting on cash that was specifically raised to drill wells!)
If anyone can turn this around, Morton can, he has a strong background in oil and gas as well as CSG (which of course is also a gas, hence the G!)
The proposed deal is not done, the share price of OIP is languishing because there are no imminent drilling being undertaken, therefore the final price may still change.
I for one will be accumulating.
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