The only thing that would make me change my mind would be an aggressive, documented, simultaneous, imminent exploration campaign funded with OIP's cash, and maybe a buyout of PEL 6, on both OIP's and GGX assets.
I think strategically it makes sense for OIP to move to focus on conventional oil and gas but the price being mooted at the moment is simply not a good deal, unless you happen to be a major shareholder in GGX. Hate to say it but the more I chew this over the more I think this does smack of backroom dealing by some of the 'boys'.
JT
OIP Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
