otto no longer the "bridesmaid" now the bride, page-4

cara

there would also be disappointment like NDO that takes the sp lower than it should as the upside is reduced as the possiblity of the offshore is gone.

While a 2nd drill mayb possible it would depend on many circumstances & could be ages a awat.

NDO has shown you should be only putting in what you can afford to loose not what reports say you will get on a win.

Way to many got greedy on NDO & now they are gone from NDO which is more than half the sp of OEL nw when both have Galoc (oel a little more % which is higher revenue & higher capital contribution & higher cash on hand).

A part from Galoc II there would be not much happing post failure so you could posssibly say a low of 6s if a duster (so hard to predict).

Also OEL has a lot tigher register than NDO so that may help if they all stay on board. If they bail then there would be trouble as OEL can struggle for buyers at the best of times little own a duster.

Someone has been keen to kill the SP rally or happy to take their profit. Either way not much depth on sell until the double digits

Matthew allen has done a great job with the finances of the company & increasng galoc was awesome.

Any sucess with BHP would be great just IMO take a worst case senario cause with these drills nothing is certain. That way you haven't spent the cream before it arrives.