OEL 0.00% 1.2¢ otto energy limited

may have the jewel in the crown....philippines, page-20

  1. 502 Posts.
    that will be the clincher, whether he can put a deal together, farmout has always been their plan, so don't think that effects their view on the field. Deep sea is expensive, so they need to farmout, just hope they get the right guys.

    KIK/NDO is a good move, near term drilling, shallow water, not as expensive, but pretty high risk of failure where they are looking. Interesting play to get in and try though.

    3D seismic, maybe the galoc proceeds can be used to get in and get some good seismic shot of that prospect, that will build their farmout case. I hope Mr Parks is doing this, but we are waiting on oil flow i am sure before committing.
 
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