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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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($) | Vol. | No. |
---|---|---|
1.2¢ | 3248100 | 7 |
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No. | Vol. | Price($) |
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12 | 9608198 | 0.011 |
11 | 18557452 | 0.010 |
1 | 100000 | 0.009 |
4 | 1620246 | 0.008 |
2 | 550000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 3248100 | 7 |
0.013 | 9527894 | 12 |
0.014 | 12104235 | 13 |
0.015 | 4427000 | 7 |
0.016 | 2714285 | 2 |
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