BRU no longer have the Derby block on their maps in the last quarterly. BRU seem to be walking away which is the smart thing to do and concentrate on their own backyard.
Where does that leave BOPL. Up the garden path!!
What will happen to BOPL with their ownership? BOPL better have plenty of money to pay for their obligations. The consolation for BOPL is they will get some money when OBL exercise their agreement with OXX.
AT THIS POINT I CAN NOT SEE OBL HAVING ANY LESS THAN 37.5% FULLY FUNDED AND BEING THE OPERATOR ON THE BLOCK. The market is not expecting this.
I bought more shares today and watch this space because OBL have been working hard on moving this block ahead.
OBL are not sitting around waiting!!!
A market cap of 8 million is ludicrous and investors can make a quick buck at these levels. DYOR.
OBL Price at posting:
1.0¢ Sentiment: ST Buy Disclosure: Held
