I've read that Santos might take them over simply to delay the...

I've read that Santos might take them over simply to delay the pipeline going ahead. OSH and partners are very confident that they will get a go ahead and currently are in "advanced" discussions whatever that means.

Now we see that OSH looks to be forming an up trend after copping a beating from the market... high oil and gold price should help future profits and they are expected to report a record profit 5/March.

ML have a $1.05 price target and that's even without the gas project going ahead. They also refer to a liquid stripping project which could alone yield half the value of the project anyway. Not bad at all.

So either by takeover or by simple economics I think OSH will rise in coming months. They have too big a reserve to be simply left alone at these prices.