OEL 9.09% 1.0¢ otto energy limited

KBB Looks like we're getting 4000 barrels of OIL per day, as per...

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    KBB
    Looks like we're getting 4000 barrels of OIL per day, as per the 19-06-18 announcement.
    Interestingly, the stock was sold down to 5.9c on that news. We then had a spike in buying on no news, followed by the notice of IFL increasing their holding, followed by the news re BivPeak and Alaska. A few leaks there I think...
    Getting back to production, they're now expressing it as 4542 barrels of oil equivalent, which I assume is 4000 barrels of oil per day plus gas production equal to around 500 brls of oil energy (not value).
    Around 6mcf/btu of gas = 1brl oil on an energy basis, but at ~$3/btu is worth ~$18 compared to oil at ~$70/brl.
    As for the breakdown of the 4000bopd, my guess is all wells have declined a bit from the last detailed announcement, rather than all the decline being attributed to the F2 well/B65 sand. I think the developed 2P reserves will come in a lot smaller than previously hoped for, due to the B65 sand needing another well to confirm.
 
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