OIP 0.00% 4.3¢ orion petroleum limited

OIP has heaps of cash and if you read the quarterly...they've...

  1. 9,046 Posts.
    OIP has heaps of cash and if you read the quarterly...they've been pretty much living on the interest so far - they hardly spent anything. Obviously these two wells will up their outgoing. Of course, if either (or both) get decent hits the price will go supernova. Potentially over a dollar, well over a dollar. Again, this is not a lame farm-in - they own 97.5 - 100% of these two wells...

    Screaming buy - but very speculative...could go pear-shaped..or fund a few retirements LOL...
 
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