"Otto is only capitalized currently at $38 million .I went to byron energy announcements which say production fro smi 71 will commence in the fourth quarter of this year .They estimate that the current production would be between 15oo and 200o barrels a day with room to grow up to 4000 barrels a day.Based on this ottos share one half(on current oil prices) should be generating revenue of base case$41,000 per day(yearly$15 million) and best case $110,000 per day (yearly $40 million) .Based on these facts it would appear that otto energy is very cheap at present and this is without their other assets ."
Direct Quote from @Little T for the Otto Energy HotCopper Page
Ann: Byron Awarded South Marsh Island Block 74, page-7
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Last
4.7¢ |
Change
0.002(4.44%) |
Mkt cap ! $50.70M | |||
| Open | High | Low | Value | Volume |
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| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Change
0.002 ( 4.55 %) |
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| Last updated 14.57pm 24/05/2024 ? | |||||
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