OEL 0.00% 1.2¢ otto energy limited

SC55, page-21

  1. 7,149 Posts.
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    clacoste - "..OEL is now in a position, in a few short months, to drill EA with a vengeance….and hopefully massive success."

    Yes I totally agree with that, on-shore high impact EA beats off-shore, even with BHP $, any day. Remember if we/BHP hadn't been shafted by the locals blackmail, most likely we would know whats at the bottom of the hole by now, do you really trust them ? who cares if they don't give an extension, let them peddle their leases to someone else & good luck to them. If OEL can not get a good farm-in deal then they are better to walk & put the $ & time into EA that's where the blue sky is.

    My guess on SC55 is they are playing hard ball for a great farm-in deal as they are in a strong position of strong cash flow & BHP $. They won't bet the farm on it like NEN did, BOD here are too smart for that.

    Good luck with mid 7's, may go there very briefly if SC55 is canned, I'll be buying with you if it ever gets there but for now I was happy to add a few at 9.1c today
 
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