Very good observation! ROG has acquired the interest in the large leases adjoining and to the west of ESG and OIP acreages ... by buying Norwest Hydrocarbons Pty Ltd. This territory is probably not core to ESG but would have given OIP more substance .. maybe it was a merger that ESG considered OIP should consider???? Maybe they did and lost out as you suggest. Then again I don't know how prospective for conventional oil and gas these western leases are ... OIP after all is not primarily in the CSG game .. it raised its funds to drill conventional O&G targets.
H
OIP Price at posting:
14.5¢ Sentiment: LT Buy Disclosure: Held
