OIP 0.00% 4.3¢ orion petroleum limited

sandyFrom memory the independent geologists report in the IPO...

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    sandy

    From memory the independent geologists report in the IPO document gave it about a 25% POS. Management have said that the risk is medium to low ... that's probably the risk that there is a petroleum system of some sort there .. but I guess the likelihood of oil is lower.

    Overall I'm happy with 25% for a first well that is not exactly a wildcat (given other discoveries in the basin) but not far off.

    H
 
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