OEL 18.2% 1.3¢ otto energy limited

Ann: Lightning Well Delivers Significant Gulf Coast Discovery, page-46

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  1. 2,769 Posts.
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    they estimated a mean prospect of 4.3 -4.5 million barrels equivalent based on the pre drill estimate of 31 feet net pay . Now they found 6 times more of that estimate(180feet minimum pay)which in simple calculation should give us a total of about 25 million barrels of oil equivalent minimum(4.3*6) and Otto will get 37.5 of that. Additional prospects of 150 feet net pay will give us almost 15-20 million barrels equivalent .
    a huge company maker here . well done boys and girls.
 
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