OSH 0.47% $6.35 oil search limited

nw moran results - no sign from the market

  1. 15,965 Posts.
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    Its like last Thursday ahead of the drilling report. Little trading and sp steady. Ceratinly no sign either way which could mean that drilling has once again been slow and there is no result -we will see.

    OSH has other positives though regardless of NW Moran. The sale of its gold assets is imminent according to the quarterly, profit is at a record, POO is still firm, and the PNG politicians believe that OSH should have enough customers for FEED on the pipeline by September - they said this some weeks ago when the Comalco deal was announced (and they had preempted that announcement some weeks earlier).

    I'm in for the long haul and will be buying on any fall due to NW Moran disappointment.

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