My belief all along has been 1 for 3 or 4 was about the correct price. My fear however is there will be no shift in the respective valuations of OIP and GGX IRRESPECTIVE of what happens in PEL 6. In fact I can see a situation arising where OIP has a great drilling program and the directors justify the price based on maybe perhaps one day drilling might happen in the Phillipines on tenemants that have turned up diddly squat (sorry...I meant 2 barrels of oil).
JT
OIP Price at posting:
10.5¢ Sentiment: None Disclosure: Held
