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OMA Annual Report:Ilwella Pty Ltd are the Flannerys'

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Wonkers

2,249 Posts.

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19/10/23

10:03

Post #: 70421354
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Originally posted by Wonkers: ↑

In essence, OMA is - like Neil said recently, more or less a listed entity of 2 billionaire families Flannerys and the Tri-Star US mob.
From memory, they have something like 13% and 11% of the 150,000,000 SOI, and the Top 20 holders have 75% of the registry.
Raising $ for them is probably not really an issue, so the decision to drill horizontally for them probably wasn't a cost consideration- it's currently deemed the most appropriate technical technique (in my lay opinion)- but with that gold plated approach comes a hefty price tag.

We have the benefit of an innovative and much cheaper approach (funded 48.5% by the Feds!) and potentially some QLD state funding to come.
It would cost us upwards of $30mill to drill horizontally- imagine the smell if we had to go cap in hand to market for that?

If we unlock Daydream 2 with our, cheaper approach, a major will partner with us or take us out.
The (cheaper) means will justify the end.
They can then expand on our innovation and utilise more cost effective techniques, AND/OR drill horizontally in a conventional manner- whatever suits- as they have the money to do so!

What dis Neil say in that latest interview- Shell apparently drilling 3 holes at a $100m cost?

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OMA Annual Report:

Ilwella Pty Ltd are the Flannerys'

EXR Price at posting: 6.5¢ Sentiment: Buy Disclosure: Held
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OMA Annual Report:Ilwella Pty Ltd are the Flannerys'

Almonty locks in govt agreement for tungsten oxide plant in South Korea

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OMA Annual Report:Ilwella Pty Ltd are the Flannerys'

Top Stories

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