12 month payback on the 2.1m on the marginal volume increase from 800 to 1400 (13.3% net revenue to Otto).
More importantly it makes the asset tastier for Talos or anybody else for that liquidity event we all hope for by September.
Otto should have separated the upper and lower zone volumes on this release, not doing so leads me to suspect there is natural decline already in the upper zone and it's producing less than the 800. I just don't trust them with their snippet releases and neither does the market, and I think that is why the share price is so cheap, everything is discounted from what they say!!
12 month payback on the 2.1m on the marginal volume increase...
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $57.29K | 4.787M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 549479 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 15958763 | 19 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| OEL (ASX) Chart |