there is a convergence of about 10 things affecting the price....

there is a convergence of about 10 things affecting the price.

There has to be a lot of pressure on the price from interoil holders still wanting direct exposure to growth in PNG

"Earlier this week InterOil shareholders backed a takeover of their company by ExxonMobil, which should streamline any development decisions, even though Total is the operator of PRL 15. "


I think there will be a whole switch play going on for a start and options trades will be unwound to that affect so expect a squeeze .

Add to that that OSH is actually having news flow and announced exploration program whilst results have confirmed they can fund it , pay a divi and oil / gas prices don't look like they will have a lot of downside.

Lot of positives converging .

Look at other oilers still talking it up but struggling to meet expectations and having cost blowouts and disputes.

Nice change that OSH seems to have clear air and may pick up some new long term insto investors as long as PNG politics doesn't get more volatile than usual.

Look outside normal news channels, industry press and at PNG press for what is not stated directly in ASX announcements and there is a lot going on at OSH.

Might kill the buy and write game for a while for closer to the money stuff unless you are prepared to deliver and use it as a exit of some stock. .