There may or may not be a conspiracy going on but really .. why didn't OIP's report say ANYTHING about the test of the Permian coals (that ESG had said in one of its reports were also being targeted) and why the 800m TD ... Bohena coals have been found mostly in wells that have been drilled to a greater depth ... for instance at Edgeroi (not that far away on the border with PEL 427) TD was 1005m and they encountered 10m in the Bohena. WHY HASN'T ESG drilled this structure in PEL 427 to at least get some runs on the board with thicker coals that they know are there ... and likewise they say there are KNOWN thicker Moolaymer coals in PEL 6???? I suppose its explainable by them wanting to assess the full spectrum of coals in OIP's leases to get an idea of the quantum .. but its a dead set strategy that also ensures a lower share price than would otherwise be the case ... why would ESG want that??? Holy ... any ideas?
H
OIP Price at posting:
8.8¢ Sentiment: LT Buy Disclosure: Held
