OIP was spun out of ESG to raise funds to retain and explore the "non-core" ESG leases. But ESG has farmed back in and will end up with majority interests in all blocks (for CSG).
TP
fair assessment but I was being conservative. The thing that has changed since my valuation is that STO has highlighted the potential. And with ESG doing all the legwork proving up development techniques next door .. OIP could become another PES...in a year or two. But I reckon it will be absorbed by STO, ESG or another player.
I will have a look at Albers ..thanks.
H
OIP Price at posting:
12.0¢ Sentiment: LT Buy Disclosure: Held
