Aside from GGX urgently needing the cash, we also have STO out in the market talking up the Gunnedah basin. Do you think David Know would have given his support to this deal?
My considered opinion (thanks TA that phrase is now in the Aussie vernacular), albeit conjecture, is that STO will make a move on ESG BEFORE their FID mid-year.
The raminfications should this go ahead for OIP will be interesting, to say the least, as there will then be a different subset of employees and directors assessing the prospectivity of OIP's permits.
So bring on an ESG t/o I say. Might be the last hope of extracting any value out of this shareholding.
JT
OIP Price at posting:
7.0¢ Sentiment: None Disclosure: Held