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1.2¢ otto energy limited

Market is clearly indicating that dinosaurs can’t be trusted...

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chand

3,619 Posts.

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14/03/24

10:24

Post #: 72878130
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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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(20min delay)
Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $57.54M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.2¢	$80.78K	6.732M

Buyers (Bids)

No.	Vol.	Price($)
1	3267980	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	9727253	14

View Market Depth

No.	Vol.	Price($)
1	3267980	0.012
13	7642446	0.011
6	7908548	0.010
2	2877777	0.009
3	285123	0.008

Price($)	Vol.	No.
0.013	9727253	14
0.014	6322873	13
0.015	6435000	13
0.016	1247276	3
0.017	2672000	3

Last trade - 14.14pm 07/06/2024 (20 minute delay)


Last 1.2¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
1.2¢	1.2¢		1.2¢	88866
Last updated 12.31pm 07/06/2024 ?

OEL (ASX) Chart