Ron.
from page 8 of the same report
1/03/2015 buyer Borealis (Otto) from Great Bear for us$45,000,000 for 60,000 acres or us$750 per acre
My recollection is that OTTO's per acre cost were us$342 per acre which included capped drilling costs for the first 3 wells.
OTTO paid us $14 million to Great Bear plus agreed to a us$6million drilling commitment(after OTTO acquired Borealis for aust $1.2 million paid for by the issue of 17518250 OTTO shares (equivalent to $490511 at today's share price of .028) The other us$25 million was optional.
Ron. from page 8 of the same report 1/03/2015 buyer Borealis...
Add OEL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.74M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.1¢ | $27.98K | 2.331M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 17730262 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 1414609 | 2 |
View Market Depth
| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| OEL (ASX) Chart |