Possible Takeover Target?, page-2

Not impossible but just about every partnership they are involved in has agreements regarding first right of refusal an, last bid , approval by other partners etc. We all know how much t eh majors hate each other so to get a company all partners , PNG and USA governments are happy with for the whole kit and kaboodle won't be a simple one IMO. It in the past has been hard enough in these situations for companies in PNG etc to offload a single project let alone the whole batch of them. OSH have been very smart and structured so they have their commitments covered so at this point there is no crunch fro a aggressor to take advantage of. They had their chance at the last raising that was at a stupid discount and it seems the partners generally all took their share. . All that said it could happen tomorrow in this environment with little resistance - weird times with so much uncertainty on oil, gas pricing and realistic projectons of just what projects by others will be funded and are economic at price X

With trading on 2 exchanges it is hard to tell if positions are being taken

tip us off early if you see something that lights up as a offer on way please . I'd rather them stick to their knitting and with specialised requirements working in Alaska and PNG it is limited but you are right that the break up value is worth far more than the whole ATM IMO. but so is half market only advantage OSH has is that is has taken its painfull pill early and others are still dancing around the hard decisions.