Took a good look at this one this week as a few of my other cash...

Took a good look at this one this week as a few of my other cash box plays moved up (INP OEX TOE)

OIP has 160m shares at 5c = $8m Mkt Cap
Cash in bank less expenses $9m = 5.5c a share

Its CSG program is carried by ESG
It is funding its own conventional drilling which I think is foolish given the location of their permits, should maybe look to farm into the Cooper Basin as a discovery there will be much easier to commercialise

Interestingly ESG holds a large portion and after further research it seems this was an ESG spin off

Dont understand why you would spin a company off then farm into its acerage

Trading below cash so looks good but seems a LT play on the CSG sector