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OBL now have a new core business that is independent of crude...

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  1. newregime
    1,382 Posts.
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    15/12/14
    13:07
    Post #: 14461876
    OBL now have a new core business that is independent of crude oil pricing - 2nd biggest independent reserves holder in offshore Gippsland.

    Extract from recent AGM – OBL has more booked gas than Cooper Energy and closer to existing infrastructure – Exxon and Santos

    OBL basically now owns a 4 year option on the gas price with the favourable terms approved by NOPTA – what’s that worth in a $10/GJ gas world on the coast??
    OBL Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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