Australia's largest stock trading and investment forum Australia's #1 stock forum

OEL

Click for more information

0.00%

1.3¢ otto energy limited

Market is clearly indicating that dinosaurs can’t be trusted...

First 15 Last

Share
Profile

Follow
chand

3,598 Posts.

807

14/03/24

10:25

Post #: 72878163
Share

Originally posted by jophda ↑

Boysy1 re F3 , BYE said in one of their announcements that some of the wells have a long tail of production and over a long period a significant proportion of the oil in the reservoir will be produced in that tail period .
A lot of oil has been produced from F3 it is draining a significantly large reservoir and it could be producing significant amounts of oil with a high water cut for a long time .
The oil production went down very quickly once water appeared at the perforations but the rate of decline may slow down considerably now .
It is a financial decision that BYE will make but the JV partners have different time frames for their financial decisions now .
F3 will not just stop producing oil overnight , it will be a decision on what level of production is too low and how much fluid to extract from each well .
Unfortunately BYE as the operator has the biggest say in those decisions .

Expand

Market is clearly indicating that dinosaurs can’t be trusted with cash pile!!

OEL Price at posting: 1.3¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 15 more messages in this thread...

First 15 Last

Add OEL (ASX) to my watchlist

(20min delay)
Last 1.3¢		Change 0.000(0.00%)		Mkt cap ! $62.33M

Open	High	Low	Value	Volume
1.3¢	1.3¢	1.3¢	$1.662K	127.8K

Buyers (Bids)

No.	Vol.	Price($)
7	2255643	1.3¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	9656449	16

View Market Depth

No.	Vol.	Price($)
7	2255643	0.013
8	6482254	0.012
4	5690999	0.011
3	240000	0.010
2	245123	0.008

Price($)	Vol.	No.
0.014	9656449	16
0.015	4191000	11
0.016	1700004	4
0.017	3510480	4
0.018	349362	3

Last trade - 10.48am 17/05/2024 (20 minute delay)

OEL (ASX) Chart