Lets look back to the annual report issued on the 16th October...

Lets look back to the annual report issued on the 16th October 2020 - best part of 6 weeks ago

It noted as of the 30/06/20 that CAPEX commitments in the next 12 months were estimated to be $9.4M (This has to be for GC#21 only) of which ~$3M were paid in the 30/09/20 quarter - unless costs have dramatically increased i have OEL  still having to stump up ~$6M - clearly the follow up question has to be what additional well interventions will cost   - a clarifying announcement from the company simply stating what of the $39.5M remains to be paid would put the matter to rest in short order ....

http://www.ottoenergy.com/site/PDF/2a84ff91-b025-4a08-bfb1-2ea0556252e0/AnnualReporttoshareholders

b) Capital expenditure commitments Capital expenditure contracted for at the reporting date but not recognised as liabilities are as follows: 2020 2019 US$’000 US$’000 Not later than 1 year 9,436 - Later than one year but not later than five years - - 9,436 - Capital expenditure commitments at reporting date relate to committed development costs on GC-21 Bulleit. Commitments are disclosed net of the amount of GST recoverable from, or payable to, the tax authority.