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0.00% 1.2¢ otto energy limited

Ann: Otto Executes Farm-out of Service Contract 5, page-10

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  1. Oilking
    474 Posts.
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    19/01/11
    01:38
    Post #: 7756925
    re: Ann: Otto Executes Farm-out of Service Co... No relation to the BHP situation imo. This is low pos acreage. Letting it go cheap is the right thing to do.

    I doubt BHP consider the Otto acreage 'Tier 1' acreage, as the most likely outcome is gas. There is no oil shows or known oil fairway around there.

    OK
    OEL Price at posting: 10.0¢ Sentiment: LT Buy Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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