The thing that puzzles me is that if OXX truly wanted to merge with OIP, why have they been selling shares (see ASX announcements re Substantial Shareholdings).
Secondly, I find it more than amusing that DM and RL were the targets of snide remarks in relation to the depth of the drilling undertaken by ESG, which of course were in accordance with the farm-in agreements, however, it was the simpletons Smith and Lee that entered into the arrangements in the first place and then sat on their hands (and the Company's cash, less their $300,000 per annum salary) whilst the SP went to 7/8 cents!
Lee and Smith had to go, they were buffoons who clearly knew nothing about running an oil and gas exploration company.
As for DM, he was of course the MD of ESG which is now an ASX top 200 company, it had a market cap of about $50m 4 years ago.
OIP Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held