OEL
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0.00% 1.3¢ otto energy limited

value of galoc to oel, page-20

  1. sirsenor
    502 Posts.
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    06/12/09
    18:40
    Post #: 6009477
    I guess we need to go back to farm in deal to see what we paid for GPC and what we agreed to loan it. There seems to have been these two components to the deal.

    By GPC paying back the loan to OEL we can still count it as revenue, but revenue against financing activities vs revenue against production. Maybe this is it?

    I assume that until GPC pays back this loan it will not be making any production income either.
    OEL Price at posting: 6.4¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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