Hawkeye is shallower and closer to the source so is a considerably cheaper test of the petroleum system. It is also a considerably smaller prospect than Cinco but if oil prone will provide Otto shareholders with the right outcome.
BHPB wanted to drill Cinco because it was on trend with Malampaya - a similar large carbonate reef structure. With BHPB size is everything. Lets not forget that they exited multiple regions and continue to market producing petroleum assets that are 'non-core' (not big enough). In the end, Otto are testing a petroleum system without putting their hands in their pocket and in the current environment, that's a great outcome.
Capital Return, page-31
-
- There are more pages in this discussion • 5 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
1.3¢ |
Change
0.001(4.17%) |
Mkt cap ! $62.33M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $11.23K | 885.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 7531420 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 11016129 | 18 |
View Market Depth
| Last trade - 15.45pm 03/07/2024 (20 minute delay) ? |
| OEL (ASX) Chart |