OIP 0.00% 4.3¢ orion petroleum limited

not sure that ggx adds much value, page-5

  1. 3,890 Posts.
    My sentiments are the same.

    The only thing that would make me change my mind would be an aggressive, documented, simultaneous, imminent exploration campaign funded with OIP's cash, and maybe a buyout of PEL 6, on both OIP's and GGX assets.

    I think strategically it makes sense for OIP to move to focus on conventional oil and gas but the price being mooted at the moment is simply not a good deal, unless you happen to be a major shareholder in GGX. Hate to say it but the more I chew this over the more I think this does smack of backroom dealing by some of the 'boys'.

    JT
 
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