OEL 0.00% 1.2¢ otto energy limited

Ann: CG21 Bulleit Field Performance Update, page-152

  1. 9,283 Posts.
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    I think all parties will be keen to resolve the matter asap - lets hope the muscle of Talos and Enven will enable the situation to be resolved successfully in the near term - in the current POO/Gas environment i have OEL earning 85k day net (RI - $7.9M quarter) with costs of $25k day ($2.3M quarter) and principal repayments of $25k day ($2.3M quarter). As long as the POO stays at these levels should be plenty of cashflow available to meet OEL's share (16.6%) of any costs associated with GC#21 to increase production in the near term. The company could really come out to state this rather than drip feeding information to the market, hopefully the new sherif in town changes the seeming distain for shareholders requesting timely/accurate and market sensitive information .......
 
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