Thinking about how OIP management could make this transaction "look" more palatable ... it all to do with the ratio. At present that doesn't look good and it will only get worse if say PEL 6 drilling goes well and we see 20+ cents ... well before any shareholder vote. In the meantime if nothing much happens with GGX's Philippines project then the transaction ratio willl start to look BAD.
Its a mess and disappointing. Why have ESG and I&S approved it!
H
OIP Price at posting:
10.0¢ Sentiment: LT Buy Disclosure: Held
