re: Ann: Otto Executes Farm-out of Service Co...
I agree, doesnt seem like great value, again...
I wonder why they relinquished Argao for nothing but costs in a well that they are not confident in hitting anything.
Seems very strange, 1.5m - i guess they can't see themselves meeting the committments but why didnt they retain a % in the southern block - 10 - 20% is better than nothing.
2 deals that Paul Moore has put together and not good outcomes for shareholders (SC 51 and Turkey).
OEL Price at posting:
9.8¢ Sentiment: None Disclosure: Held
