OIP 0.00% 4.3¢ orion petroleum limited

up another 20% pending news, page-19

  1. 1,888 Posts.

    The market cap of OIP is now a tad over $24M (15.5c x 155M shares) taking into account $13M in cash it has, the company is really only worth $11M. My point - There is a lot more upside here than potential risk. With oil and csg drilling planned for the second half of this year (see the orion website) historically interest here peaks during the drilling phases. My point - the best is yet to come. Likewise those gassy CSG seams it has identified with ESG may also be back on the table. My point - defer to Hardmano's posts which are a lot more classier than mine.
 
watchlist Created with Sketch. Add OIP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.