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1.2¢ otto energy limited

Good calcs as usual thanks boysy BUT this load of s**t is worth...

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hatmopit

7,335 Posts.

1138

11/01/24

11:38

Post #: 71828886
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Originally posted by boysy1: ↑

Karoon deep water GOM purchase or late might be more relevant .....

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02740743-3A630932

USD$720M purchase for 30% WI in assets producing gross 42,000 BOE (60% oil / 40%) gas - works out at USD$55k/BOE for the NRI

USD$720M purchase for net ~31MMBOE (2P) - works out at USD$23 BOE (88% oil 12%gas) - if we assume this is oil $25 BOE and gas @ gas $6BOE

OEL producing 1400 BOEPD (40% liquids/60% gas) - @ same BOE metric this would be worth USD$80M - ~AUD2.4c ....

OEL has 2P reserves of 4,797 (roughly 50/50 oil/condensate vs gas) this would be worth ~USD$65 - ~AUD2.0c ....

Think its fair to say current EV of USD~$20M might be selling us a bit short - current price of OEL BOEPD is around $15K (roughly 1/4 of what KAR for its assets while OEL 2P reserves are sitting around $4.5 BOE (roughly 1/5th of what KAR paid for its assets).

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Good calcs as usual thanks boysy BUT this load of s**t is worth what the market will pay for it.

Via the SP that's $A76 Mil - who knows if managemnt can get more for it, I hope so as all they have the ability to do ATM if give back the cash $$$ that are in the bank ... so hard, they are really earning their salaries :-(
.

OEL Price at posting: 1.6¢ Sentiment: Hold 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¢	$112	9.371K

Buyers (Bids)

No.	Vol.	Price($)
2	153229	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	2179015	5

View Market Depth

No.	Vol.	Price($)
2	153229	0.012
14	16724060	0.011
6	8650000	0.010
1	500000	0.009
1	125124	0.008

Price($)	Vol.	No.
0.013	2179015	5
0.014	9717355	11
0.015	4305776	7
0.017	233300	1
0.019	1500000	1

Last trade - 15.46pm 05/11/2024 (20 minute delay)

OEL (ASX) Chart