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Ann: Proposed Transaction , page-5

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  1. jtaylor1
    3,890 Posts.
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    15/10/09
    16:07
    Post #: 5785015
    It seems GGX has the assets and OIP has the cash to pursue them. Not sure about the valuation etc... but at a high level this seems to be a reasonable proposition.

    OIP also has about a 25% interest in PEL 6 CSG asset that is due to be drilled in November with ESG - if succesful it could raise more cash to pursue GGX assets.

    I don't hold GGX, but do hold OIP.
    GGX Price at posting: 7.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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