HolyLets me try to summarise your comments in the last 3 or 4...

Holy

Lets me try to summarise your comments in the last 3 or 4 posts on the “waiting for the penny to drop” thread for those less well educated than you:

In the first post you said:

“Moree-4 and Kurrabooma-1 had not much going for them despite some expert drilling by Eastern Star. In fact, stating that there was not much going seems to be putting things too kindly, but the smell of Christmas makes one become somewhat more charitable than at other times.”
Then in a later post you expend a few thousand words explaining that it is bizarre that ESG did not drill deeper and that Mr Langusch explanation of why ESG did not drill deeper makes no sense. So I think to say that the first two coreholes had little going for them is a bit hard to justify isn’t it?? And my understanding from talking to DC is that the results were encouraging. Sometimes your many words wander here and wander there and just end up confusing we poor mortals!

Your first post also said:

“Something is just not quite adding up, and perhaps, while we think of other rather more pressing matters at hand with something else, the penny will hopefully drop.”
I couldn’t agree more. And I hope I am correct in interpreting your later comments to mean that the “penny dropping” might be a realisation that all these hard to understand things that have been happening point to ESG wanting control of OIP.

I agree that the answers that Second received from Langusch don’t add up! These comments are particularly spot on:

“And so you can just imagine our confusion when we read the following that Mr Second says that Mr Landusch wrote in his e-mail:

“ It MUST BE REMEMBERED THAT CSG EXPLORATION IN PELS 6, 427 AND 428 IS AT A VERY EARLY STAGE WITH LITTLE KNOWN ABOUT THE COAL SEAMS IN THE AREA. It is not an analog to ESG’s projects to the south in the Gunnedah Basin.”

So we sat awake all night think how both ESG and OIP forgot that they remembered that CSG EXPLORATION IN PELS 6, 427 AND 428 IS AT A VERY EARLY STAGE WITH LITTLE KNOWN ABOUT THE COAL SEAMS IN THE AREA.

SO IF LITTLE IS KNOWN ABOUT THE COAL SEAMS IN THE AREA, THEN HOW DID THEY COME TO THE CONCLUSION THAT: “THE CSG COREHOLES IN PELS 427 AND 428 WERE DRILLED TO DEPTHS BELOW WHICH THERE WAS LITTLE OR NO PROSPECTIVITY FOR COAL SEAM DEVELOPMENT.”

And if they knew that the core holes that they drilled had little or no prospectivity for coal seam development, then it appears to our ignorant minds, for we are not versed in high flowing matters such as these, that ESG and OIP may have made a tiny mistake when they tell us that csg exploration in pels 6, 427 and 428 is at a very early stage with little known about the coal seams in the area.”

Exactly .. all this DOES NOT ADD UP!

And Alvin the Idiot’s question was spot on IMHO .. and it has not been answered adequately I believe !!!!

Then you say:

“But we do feel that Orion’s leases are in a most strategic part of the Gunnedah Basin, and it is our opinion that it will only be a matter of time before Orion comes into play. And it is sad to reflect upon the fact that if this GGX/Orion merger goes through, then the stake of the Orion shareholders will be surely diluted.”

Absolutely! The fact that ESG has said that they want to own the northern leases for strategic reasons in the event that they run with STO and export CSG to Qld .. means that they clearly have their eye on bringing OIP back into the fold!

In your last post these comments stand out for me:
“So what is going to happen is that while Lennie Barker’s share in the widow’s land will proportionately drop, brothers of his who initially were involved in the water production in his land will be running widow Milly’s land. Widow Milly has already been effectively stymied because she is a dissenter and Lennie has now got people who had the same motives as him controlling the widows ex-lands. Brilliant old Lennie.

Meaning that a team (who once were involved with getting ESG up and running being DM et al) who are amenable to ESG’s agenda for OIP is back in charge!

“So, to cut a long story short, it seems that Lennie will eventually get full control of that which he had coveted at a price so ridiculous in hindsight that will probably push widow Milly into the spare grave next to her husband’s on top of that there barren old hill with the non-flowing wells.”

I agree that unless Gwydir-1 comes up trumps the merger could happen at a ridiculous price!!

“And who knows, lennie may drill then and find those rivers of water, for rumor has it that his luck has never deserted Lennie when the chips were down and things had to happen.”

Yes again .. every chance that future drilling that goes deeper will end up being successful .... surprise ... surprise .. not!

Finally an intriguing comment:

“And as the play develops, sooner or later, the little fish OIP will be swallowed by the big fish swimming by.”

So it’s all been a “play” to keep us entertained while ESG tightens its grip? Once again I agree with you. In fact the whole GGX/OIP merger gambit is IMHO designed to get the OIP sp down and make a move by ESG easier. If they succeed they will probably follow-up by spinning off the combined GGX/OIP conventional assets ...again! LOL

What a circus!

H