If you believe the gas is there,well i guess i would put a value of 15 mil like the market has.Is a slight difference between shell and obl tho.shell would spill more oil and gas a day than obl are likely to ever produce and at the rate obl is farming things out and their current cash position,i will have to go back to my original estimate.NIL.i understand you have faith and confidence in obl and wish you the best but posters who only see one side of a discussion are often blinded by the truth.obl have massive problems like many small oil spec companies.no cash,no jv partner,selling core assets,native title issues and funding for future development.their options are limited cr,sell off more assets or my favourite issue convertible notes.all the best,hope management wave the magic wand and all is great in the morning
OBL Price at posting:
2.7¢ Sentiment: None Disclosure: Not Held
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