ESG and I&S essentially sack half teh board and the MD but we are oly told its because of a "fundamental disagreement" abot OIP's future direction and whether potential merger transactions are the best path. Mergers with whom?? We can only guess ESG wants to reclaim OIP.
And for a while I have thought it was a bit sus that 1) the least prospective wells in OIP's leases were drilled first and only to 500m depth when they know there are deeper and most likely thicker "walloon"type and also (inm PELs 417 and 6) Maules Creek coals (Namoi and Bohena most likely)???? and 2) we haven't heard the results of core and gas desorption testing from Morree-1 drilled in March and Kurrabooma drilled in April and 3) NOTHING has happened since then ...6 months! despite $13m of the $20m raised at the float 2 years ago being unspent?
I reckon its encumbet on OIP's new managemnet to tell us what is going on!
Oh yeah .. and Emma was ceratin an announcement was coming ...........
A disgruntled H
OIP Price at posting:
16.0¢ Sentiment: LT Buy Disclosure: Held
