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Keeping an eye on Osh today.

Merger looks like a good one for Osh.

OML is very profitable with oil and gold producing assets and a strong balance sheet. OML currently has the right to take a 20.5% interest in any new resource project in PNG.

The PNG Gov is OML's major shareholder at 51%. OSH has a weak balance sheet, declining production profile and a potentially very highly dilutive share structure. OML is fundamentally the much more robust of the two however as of late OML has been trading on a PE as low as 3.


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