the oip debacle is embarrassing!!, page-7

empire

Didn't mean to say Morton was a lackey of ESG but the reality is that both companies are closely related and many of the same people set them up and manage them. Rather, it seems that things have more recently gone awry between the ESG team and the OIP management. Its all speculation as to what ESG's original aim was with OIP and what they want to do now. I expect that ESG will not want to "lose" control of OIP and its leases as they are of strategic value. That's why this move by OIP to essentially merge with unlisted Energetica (thus diluting ESG possibly below 20%) and bring in their person as MD at OIP, is rather strange and definitely a breakaway move.

There could be some personal stuff going on as well as happens within boards.

H