how much cash have they got wasa , must be around the $16m mark...

how much cash have they got wasa , must be around the $16m mark after paying for Nyngynderry-1. Still plenty of cash to whack another hole in the ground. Netallie prospect is why I bought OIP.

background to this is an independent geologists report.

QUOTE "PEL 424 is located over the Nelyambo Sub-basin in the southwest
of the basin and covers an area of 6,019 km2. Orion has
identified a large seismically defined prospect in this block,
which could be drilled at short notice. Netallie also possesses
huge oil potential, with up to 800 million barrels of Oil In-place
resource potential associated with the primary reservoir objective.
The prospect, Netallie, was formerly known as the Coona Coona
Prospect and is set up by high angle reverse faulting. The prospect
sited on the up-thrown fault block. The Netallie Structure, which
covers 37.8 km2, is quite large, and it is also a multi target prospect
with structural closure extending from the base of the Tertiary to
economic basement. Early formed structures are an ideal focus
for petroleum entrapment." UNQUOTE