re: News: Otto Energy December 2013 Quarterly... "You most certainly won't be getting any project finance for drilling wells."
Dargie with the previous deal with BHP they were 100% financed for the 1st 2 wells.
All I am saying is they should get a better deal than with BHP because the project is more advanced - 3D etc.
By getting the 1st 2-3 wells free carried, they could further farmout in a few years time depending on the results. If they overcommit financially it quite often ends in tears for the shareholders. Just look at BCC whose shareholders face massive dilution.
News: Otto Energy December 2013 Quarterly Highlig, page-24
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add OEL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $10.29K | 810.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15102089 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 12440674 | 19 |
View Market Depth
| Last trade - 14.48pm 12/08/2024 (20 minute delay) ? |
| OEL (ASX) Chart |