"It is entirely plausable that a farminee may commit to $8m or so of seismic/drilling in the GGX area on a 2:1 basis in the current environment." Any recent deals in the area to confirm this? Because to my knowledge there isn't.
You are no doubt aware the Canning Basin hasn't exactly thrown up...well any oil.
Comment two is unwarranted IMO; this is a publicly listed company and as such is (and should be) held to the same level of scrutiny as the AMP's of the world. One share, one million, what's the difference apart from voting power?
I thought the OXX lawyer identified himself as the corporate representative, I thought I heard the word lawyer, but more than happy to be corrected on this. That was just my impression from what I thought I heard at the start of the meeting. No personal knowledge.
Were you at the meeting by any chance? Sounds like you were.
JT
OIP Price at posting:
7.1¢ Sentiment: None Disclosure: Held