OEL 0.00% 1.3¢ otto energy limited

Ann: CG21 Bulleit Field Performance Update, page-6

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    And contradicts the 7-9 days statement at the AGM, given they are saying that it returned to production on the 7th. It's still worth circa $2m a month, but that means a 5 year payback prior to any additional remediation activities. At this stage it's showing to be a woeful capital allocation decision. Hindsight is easy, but the investment decision due to the CAPEX was borderline from the start. A bit unnerving that MU is referring to two independent zones already...what's the bet that they go the sandwich approach with an Alaskan announcement prior to open?
 
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