OEL 8.33% 1.3¢ otto energy limited

maersk Venturer position, page-4

  1. 1,157 Posts.
    lightbulb Created with Sketch. 162
    re : "Fortunes favours the brave (or is it the foolish?) All the best to you tum'"

    Yes While (any profit is a good profit, and ) no loss is always better than a loss,
    I have also taken the chance today to top up at .066.
    Unfortunately I could only afford another 270000 today.

    While at present it is still "odds on " that the first Hawkeye well will not result in an
    commercial oil find , I am hoping that there will at least be oil/gas shows that will
    attract a future farm-in partner into SC55.

    Regardless of the first SC55 drill outcome I aim to hold the vast majority of my OEL shares
    at least till after the second Tanzania well is drilled.
    With a lot of US DOLLARS in the bank, good management, and a lot of news due in the next 12 months,
    I believe OEL is worth the risk I am taking!
 
watchlist Created with Sketch. Add OEL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.