the long steep climb begins, page-2

hi cardano

that US$78mm is in U.S dollars...

US$78mm = AUDS$101mm

regards

Subject the long steep climb begins
Stock Code OEL - OTTO ENERGY LIMITED
Posted 10/11/06 7:01:20 AM
Posted by cardano
IP 210.86.xxx.xxx
Hotcopper Radio OEL on BoardRoom Radio
Post # 1363123 - 6 reads
Start of thread

Punters start to wake up to OEL’s potential.

With a rig firmly contracted, and re-entry of Calauit SC50 in late 2007, OEL has some fantastic net cash flows coming its way very soon.

Current Brent $60+, i.e. this will give them some $78m, or currently 66cents / share.
And this is just one small prospect alone, albeit one that has proven reserves and is in shallow waters.

market cap:
OEL $20m
NDO $150m