From the quarterly
"Otto will operate the drilling of Hawkeye-1"
Note the absence of likely, anticipate, expect etc,
Sounds like the previously interested deepwater operators have walked.
Anyway, getting one or two more parties to stump up USD7-10m each for ~15% should be doable. They'd only be paying 1:1 or 1.25:1 with free seismic.
My only concern would be OEL's exposure to cost blowouts and/or accidents not covered by insurance if they do retain 60-70%.
Ann: Quarterly Activities & Cashflow Report, page-6
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Last
1.1¢ |
Change
-0.002(15.4%) |
Mkt cap ! $52.74M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $118.0K | 9.838M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 15899472 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 8904 | 1 |
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| Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
| OEL (ASX) Chart |