OEL 7.69% 1.2¢ otto energy limited

Ann: Green 2 Development Well Update, page-22

  1. 4,809 Posts.
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    Usually with hole instability problems they make changes to the drilling fluid .
    Change the chemistry of a water based fluid and possibly the mudweight and in an extreme case use an oil based fluid ( expensive ) .Hilcorp is a very experienced operator so should get it done this time .

    The Market seems to take a " Half Empty " approach to any Announcement that has potentially very good news as well as the undoubted bad news of the redrill .
    The Market obviously had a sniff that bad news was coming so now that it is out maybe this will be a bottom .

 
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