OEL 0.00% 1.3¢ otto energy limited

Ann: Gulf Coast Exploration Well Update - Additional Information, page-31

  1. 9,279 Posts.
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    10m buy at 1.3 if someone wants out still appears to be quiet accumulation the change in the top 20 at the end of Jan could be interesting ….

    Higher O&G prices helping net FCF creep up over $100k USD day (OEL netting $49 BOE all in (including hedges) with production costs and wages ~$10 BOE they are netting $39 BOE before payment of debt and interest (~$14 BOE - to be fully repaid in 9 months).

    The company should be rapidly approaching repaying debt to the $5.6m level which is required as restricted cash …. Surely repayment anytime now of this facility would make sense …..
 
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