Taken from the announcement for the Independent reserves
"The SM-71 discovery has delivered a very significant reserve base to Otto for a very low finding cost of US$2.11 per barrel of oil equivalent"
This is excellent. The cheaper the finding costs the greater the profit margins. Being from an Oil and Gas background these costs are very low.
Ann: Quarterly Activities & Cashflow Report-OEL.AX, page-18
Add OEL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $52.74M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.1¢ | $66.04K | 5.503M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 17230263 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 11995892 | 10 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| OEL (ASX) Chart |