hi guys
seems as though Turkey is coming up trumps.
perhaps some early revenue figures from Turkey gas discovery
at this stage you can estimate a possible 5mmcf/d from the 2 discoveries (good chance of further increasing this by future testing/drilling).
some rough figures...
Otto's interest 65% = 3.25mmcf/d
3.25mmcf/d X AUD$5.00 per thousand cubic feet= AUD$16,250 per day X 365days = $5.9mm per annum
then you can add the jewel in the crown "Philippine assets".
hoping we might have some details re: seismic survey SC55 by the end of the 1st quarter (March2007).
sure we all know they'll be doing some capital raising in the future but, Otto at this point have approx 120mm shares issued. which in real terms is SFA
as usual DYOR
regards
its gunna be huge
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