what does the future hold, page-11

getting away from the IPO, I was of the view that OIP and its permits were highly prospective and that all they need to do was to drill them to prove the reserves etc.

Is there something i missed that has caused OIP to be a dud or is it just badly timed given the turmoil in the credit markets.

The capital value is fairly low as well.

Any explanations?

PS looks like it may go below 10c if this persists. Options are now getting over priced basd on the leverage issue.

Im in WGP and you can see the option movements compared to the fully paid. dollar for dollar, the return, and liquidity more improtantly, on the fully paids was only slightly less than the options. Just becareful of the leverage arguement as it may not work.

However, options at 1c and fully paid at 10c, is more like it rather than 3-3.5c and 12.5.