OIP 0.00% 4.3¢ orion petroleum limited

mc below cash at bank: wtf, page-13

  1. 747 Posts.
    Check out the quarterly dated 24/4. They estimate exploration costs for the current quarter at a paltry $2M. I say paltry because they have $20,399,000 CASH! Their quarterly outgoings were a meagre $45k. They have been effectively "living" off the interest over the past 3 months!
    120 million shares with over $20M in the bank and budgeted expenditure of just $2M this quarter which covers the two planned wells. This is an extraordinary opportunity for the astute.
 
watchlist Created with Sketch. Add OIP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.