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1.2¢ otto energy limited

Ann: Otto Energy's Alaskan Potential Upgraded-OEL.AX, page-13

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EJPert

87 Posts.

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28/04/16

15:35

Post #: 17622111
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Originally posted by 62strat ↑

Let's not forget that 88E has 78% of 272K acres (equivalent to 201,160 net acres) on the Nth Slope Alaska, with drilling results at Icewine #1 unconventional play independently verified by leading international petroleum resource consultant DeGolyer and MacNaughton.

OEL has 8% - 10.8% of roughly twice that acreage (equivalent to 58,334 net acres) , and although we already have 12 wells on our acreage (compared to 88E's 3), nobody knows anything about the potential of them, including us, as there is no independently assessed results of any of those drills. In fact, I doubt that OEL even has any results from those drills, or if they have, they've been asked to keep mum.

I guess that's what you get (or don't!) when your partner there is unlisted, and secretive!

Notwithstanding the GoM and Tanzanian potential, the mkt is certainly not putting any value on the OEL Alaskan potential, as with 88E, that's all there is!

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Strat - can I point you to the bottom of slide 10 in the attached presentation from last year. This was done in 2014 on the basis of previous drilling in the GBP acreage.

http://www.ottoenergy.com/IRM/PDF/1854/InvestorPresentation

OEL Price at posting: 4.1¢ Sentiment: None Disclosure: Held
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