OEL 0.00% 1.3¢ otto energy limited

Technical update, page-93

  1. 4,810 Posts.
    lightbulb Created with Sketch. 2241
    I think that the word acceleration means that they would not wait until the MP sand was depleted before beginning production from the DTR -10 sands via a second well .

    IF what they they discovered in the first well justified it .
    They decided against doing that based on what they thought they had found.

    Now that the MP sand has been found to be only a very small isolated lens of sand and they intend to recomplete in the DTR sand hard to see much justification to drill a second well .

    In my opinion they should never been involved in the first well .
    They certainly should not be involved in a second deep water well .

    Where would the company be now if they had bought Great Bear instead of doing the Hillcorp and Talos farm ins .
    They already had a foot in the door .
    That's right they would have had to get out of their comfort zone !
    Last edited by jophda: 12/02/22
 
watchlist Created with Sketch. Add OEL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.