OIP
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0.00% 4.3¢ orion petroleum limited

oipo no chance of getting in the money, page-8

  1. hardmano
    15,810 Posts.
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    07/12/09
    09:12
    Post #: 6010338
    TP

    That is exactly what I am hoping will happen .. that with any success in PEL 6 the market will rerate OIP upwards at least back to where it was at around 15-20 cents+, thus forcing a re-think on the ratio in the merger deal to more like 3:1 or higher. If PEL 6 drilling is unsuccessful then the deal as is may just be OK!

    H
    OIP Price at posting: 9.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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