OEL 0.00% 1.3¢ otto energy limited

re: Ann: Otto Executes Farm-out of Service Co... I agree, doesnt...

  1. 502 Posts.
    re: Ann: Otto Executes Farm-out of Service Co... I agree, doesnt seem like great value, again...

    I wonder why they relinquished Argao for nothing but costs in a well that they are not confident in hitting anything.

    Seems very strange, 1.5m - i guess they can't see themselves meeting the committments but why didnt they retain a % in the southern block - 10 - 20% is better than nothing.

    2 deals that Paul Moore has put together and not good outcomes for shareholders (SC 51 and Turkey).
 
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