Hedging at $75/bbl is possible , altho , if so , you would think now that they would be crowing about it? (My spys say the hedge is about $50/bbl)
Also $7.5m cash at end Sept ,, $9.5m at end Oct .... did I miss a placement somewhere??
Even with $9.5m and using $4m/month to repay the GPC debt ... looks like OEL will 'run out of cash' about the end of Jan ... and need a bridging placement til Galoc c/f available in Apr/May ....imo
Can for the life of me see Gazzata being drilled til June 09 earliest ... imo.
Not a great preso ... seemed the GM was very nervous and talk of deffering offshore projects and focussing onshore will hardly excite holders ....imo
SALTY
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $57.54M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.2¢ | $4.714K | 392.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 7391126 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 18351847 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 7143961 | 0.012 |
9 | 7876361 | 0.011 |
6 | 14157452 | 0.010 |
2 | 1375122 | 0.008 |
2 | 166837 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 15468729 | 13 |
0.014 | 4999235 | 10 |
0.015 | 4127000 | 5 |
0.016 | 2000000 | 1 |
0.017 | 72000 | 1 |
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