Ah but we could influence the price, but it may be better that we can get in whilst we can at these levels!
The more research and asking I do about the PEL6 prospect, the more interesting I find OIP as an investment proposition.
Regardless of all the previous posts re CSG and OIP's potential value on the back of that, the key will be the results from the upcoming drilling which is for conventional oil and gas.
My recent research confirms that the leases owned by OIP were highly regarded by ESG, the vendor, but that it wanted to focus on CSG (this has all been said before). Nonetheless, it confirms that ESG believes PEL 6 to be a highly prospective lease for Conventional oil and gas as it is in a district with proven hydrocarbon discoveries.
That is, we should be optimistic that OIP will find oil and gas as the ESG board (past and present) believe it will, and I value their judgement.
Good hunting!
OIP Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
