OEL 0.00% 1.3¢ otto energy limited

Ann: Gulf Coast Exploration Wells Update, page-32

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  1. 9,288 Posts.
    lightbulb Created with Sketch. 757
    "on the oil side they have projects that are pathetic at best":

    reality .....

    SM#71 - top 10 discovery on the GOM shelf - cumulative production 3.2 MMbl & 3.6 BCF - paid for itself many times over and still netting OEL 960 BOPD ($65k)

    Lightning - Largest onshore discovery in texas in the past 10 years - paid for itself a number of times over production to date 11.5 BCF & 346 Mbl - Still netting OEL 1000 BOEPD ($35k)

    might be worthwhile actually understanding the assets the company has before commenting going forward .... you seem to be shooting from the hip taking a leaf out of BO and Kiwiog book it would seem ...... 12 of 17 total posts talking down OEL to date

    meanwhile the company is adding $2M of liquidity each and every month (this might pay for a bit more than cheese sandwiches) at current production / oil and gas prices
 
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