OSH 0.00% $4.04 oil search limited

takeover price, page-59

  1. 11,655 Posts.
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    "The PNG Government paid $8.20 for its 10%"

    . . . and they still owe the money to the bank. They also wont get the same cosy insider relationship with WPL either. Instead, they will be an outsider holding a minor stake in WPL and the shares they own will really belong to the bank. Better sell OSH now before O'Neill opens his mouth and throws a bucket of cold water on the whole deal.
 
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Currently unlisted public company.

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