JTYes a JV or two would help and ROG or COI make sense. If...

JT

Yes a JV or two would help and ROG or COI make sense. If within 6 months ESG drills and proves up a CR of say as little as 250PJ (less than half of Edgeroi) then OIP's 20% would be 50PJ. Give it a value of only $0.20/GJ and that's $10m plus some cash remaining = $13.5m say .. and that would support a MC of double the current $6.8m, and a sp of 8 cents+ = 100% on current. Speculative though.

Plus the strategic nature of ESG/OIP's PELs may become apparent during that time raising interest in OIP.

H