seems to me that the Opes scandal still overhangs the ODN stock and sp. Have no doubt that directors will secure more funding for Odn in near future. 18% holding in VPE is a good asset to build on. There has been a fair bit of interest in PEL 106 of late with GOG and BPT looking to set up gas processing facilities. This will be a big value add to the permit. There may be some disagreement on which targets to drill and that may slow the process atm but at these prices its too cheap imo Co has flagged more opportunities in the near future and many opportunities to come out of the tie-up with Vicpet, not to mention the value that will be added to VPE with a new focus on core business'.
ODN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
