options, page-15

Oh my God, you guys have got to be kidding me! This is a judgement of the facts, and absoluely nothing else.

The worst market in the last 30 years values the Company at 23 cents. This could soon be 20 cents. This is not six months ago. This is now. So what? The Company will hook up KN-1 to production, utilise the remaining pipeline and make $5,000,000 a year, and in this bear market they will have a market capitalisation of >$45,000,000? Again, six months ago yes. These twelve months are the only twelve months similar in thirty years. What would it be like to be an Otto Energy shareholder? Market capitalisation of $100,000,000, and they'll be making $40,000,000 from the Galoc oilfield as of next month. Again, ridiculous valuation, which is common in this bear market.

But again, it isn't that bad. If the oppies don't expire 'in the money' then they can raise some at 30 cents instead of 35. This is not super-dillutionary.

The market will not turn on a sixpence to suit you. We have a well that flows at 40mmcfp/d which is BHPBP, Exxon Mobil, BP and Shell quality... and the market says 23 cents.

I want to hear from Kalmsg and T4P because I honestly believe those that hold the options cannot detach emotionally when giving their opinion. If these two highly regarded posters vehemently disagree then I will be surprised.

Mudguy.