Yes i am learning patience with ESG .. and the BW West flow results have re-invigorated my faith in a major reserves upgrade ... bigger than we can imagine as you have predicted.
But getting back to OIP .... for once I can't quite follow your logic .. although it was a VERY entertaining story. At one stage you say that the mates will work together to make the GGX merger happen, then you say OIP will be taken over (by ESG is my infererence), but then you say the merger will lead to a nice little opportunity ex-ESG directors (after they are taken over) to "do it all again" at OIP?????? Can't have it both ways mate!???
I do agree though that the merger will happen, that ESG management will look after their mates, that there is a fair likelihood that ESG will reacquire OIP ahead of any takeover move on ESG (most likely by STO) .... but none of this explains to a simple person like me (who does not have your obvious strategic corporate experience) .. why OIP merging with GGX is 1) a good thing for OIP shareholders 2) will assist ESG to takeover OIP, or 3) why ESG would then want to takeover this merged junior explorer when it is focussed on conventional O&G? Please don't tell me that the ESG boys are going to do it AGAIN (just like when they spun off OIP) .... takeover OIP/GGX then SPIN OFF the conventional assets AGAIN and keep what they really wany .. the CSG leases!!???
All too bizzare and not befitting of an emerging CSG superpower like ESG .. LOL LOL LOL!
Shame we won't see one another at the OIP meeting ... but its best I am not there as I would just be the biggest pain in the as* trying to spoil the boy's fun/plan .. like I was at the OIP AGM.
H
OIP Price at posting:
8.5¢ Sentiment: LT Buy Disclosure: Held
