It will be interesting to see when BHP hit the GO button.
They are currently manning up their Perth team and it is a possibility that the deepwater expedition will be the rig used...
I would not be too surprised if BHP elect to drill in around 8 months time (after the typhoon season) - remember that this has not been a standard farm-in, BHP have been all over this for a couple of years... may have done some up-front planning.
Great deal for Otto - even if only one well is drilled and they give up 30% that is paying 10 for earning 3 on the first well (i.e paying 100% for a 30% stake for first well - and paying 5 for 3 on the second well if the option is exercised)!
Well done to the OEL team!
p1000
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 9608198 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 3248100 | 7 |
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| Last trade - 10.09am 12/09/2024 (20 minute delay) ? |
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