help i think im getting dementia, page-18

Just replying to the post of Stephan41:

1) As previously mentioned the 24.5m payment by BHP is still subject to a well being drilled in SC55 and a lot of other paperwork between BHP, OEL and DOE.

2)Forgotten to mention was the 25.2m debt that OEL has (Quarterly per end September 2013), and assuming as construction did not finish until December 2013, that debt may have increased.

3) The revenue of 147m may be for the first or even the second year but not for the whole 6 years of field life as you get the natural decline that Galoc has already experienced.

Yes, I think that OEL has great potential but the numbers are not that good.