otto energy overview, page-3

Good question Galba85 regarding gindara it is a great prospect no doubt about it. I simply don't believe it has a 43% POS however.

The BHP question is interesting and time consuming to tell i would advise you to read a valuation done which is very comprehensive on the potential value of bhp farm in

http://www.ottoenergy.com/IRM/Company/ShowPage.aspx?CPID=1478&EID=21834071&PageName=Hartleys%20Initiates%20Coverage

The major difference at this stage between otto and nido is the direction the company are going. Otto is tightening its geographic focus and getting rid of underutilised/ expected lower return service contracts and focusing on 2 or 3 service contracts. At the same time they are growing cash and have no debt so they have more options when negotiating farm outs i belive. Otto management are quietly working behind the scenes with little fan fare which is a world apart from nido who seemingly over promise and under deliver continually.

The latest presentation is well worth a read and listen to BRR with the ceo paul moore talking the presentation through.

http://www.ottoenergy.com/IRM/Company/ShowPage.aspx?CPID=1533&EID=40380208&PageName=Otto%20Energy%20Ltd%20Exploration%20Update%20and%20AGM%20Presentation

http://www.ottoenergy.com/IRM/Company/ShowPage.aspx?CPID=1533&EID=40380208&PageName=Otto%20Energy%20Ltd%20Exploration%20Update%20and%20AGM%20Presentation