otto picks up 6mm bucks, page-3

Jaap once again has shown that he is a shrewd and smart operator.
The real money is in the Philippine projects, where there is huge potential in oil discoveries; and of course Calauit where actual cash flows will start in the medium term, i.e. early next year, with drilling commencing already this year!
This should see OEL coming onto the radar screen of the astute investors, with a steady rise to ensue……… once the short term ninnies have satisfied their need/urge to sell out LOL

Seems to be a policy to forge ahead with the most lucrative projects and capitalise on ones that can be cashed in at attractive terms.

The placement with swiss institutions affords great connections and synergies, they also allude to their links to lending institutions ……….
With a war chest of A$15m the need for more dilution through placements seems averted, at least for now…..




OEL's Cash flow Matrix, based on 6.6mmbo (4.3mmbo to OEL):
NET CASH FLOW - Starting next Year
US$50 Brent US$ 74 m US$ 48 m

US$60 Brent US$120 m US$ 78 m

US$70 Brent US$167 m US$108 m

If they are able to extract somewhere in the vicinity of 12mmbo you might double these figures.