why osh should be $1.50..or 2.50

The market is now turning to madness, and prices of so many stocks have jumped significantly ....... blue chips are galloping off , mainly on sentiment , and house prices have doubled. .

Eight years ago OSH was well over $2.50 ..... ( and probably inflated at that ) ...but the last 2 half year reports have recorded continuous production and profit reports - with the last half being about 65 million $aus .

The last half released on friday reported earnings per share at 5.7 cents ... and with output still increasing the next half is likely to be 7-8 cents.

Oil reserves are increasing at a greater rate than production depletion ...with the latest Moran 1 well looking likely to add another 10 % to the 120 million barrels of provan reserves.

The company's stated resource of Gas and Oil is over a billion BOE .... and as time goes by more of this is likely to become reserves.

Debt is a pretty nice 10 % to equity - and the 20% of Porgera Gold could yield them in excess of $100 mill cash .

You've got all that ....now look at the 10 year graph of the share price, ......its barely comming off the bottom ...... so any investor interested in value will see that $1.50 is an easy price target ...and considering there aren't too many mid cap resource stocks around ..this one fills the bill nicely.