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1.2¢ otto energy limited

Ann: H1 FY24 Results and Half Year Report, page-15

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chand

3,619 Posts.

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14/03/24

10:25

Post #: 72878163
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Originally posted by jophda ↑

Boysy1 re F3 , BYE said in one of their announcements that some of the wells have a long tail of production and over a long period a significant proportion of the oil in the reservoir will be produced in that tail period .
A lot of oil has been produced from F3 it is draining a significantly large reservoir and it could be producing significant amounts of oil with a high water cut for a long time .
The oil production went down very quickly once water appeared at the perforations but the rate of decline may slow down considerably now .
It is a financial decision that BYE will make but the JV partners have different time frames for their financial decisions now .
F3 will not just stop producing oil overnight , it will be a decision on what level of production is too low and how much fluid to extract from each well .
Unfortunately BYE as the operator has the biggest say in those decisions .

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Market is clearly indicating that dinosaurs can’t be trusted with cash pile!!

OEL Price at posting: 1.3¢ Sentiment: None Disclosure: Held
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Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $57.54M

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No.	Vol.	Price($)
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Price($)	Vol.	No.
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No.	Vol.	Price($)
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Price($)	Vol.	No.
0.012	4788964	5
0.013	9282808	13
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