OEL 9.09% 1.2¢ otto energy limited

re: Ann: Otto Secures Drilling Rig for Leyte ... Boys1 it is...

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  1. 836 Posts.
    re: Ann: Otto Secures Drilling Rig for Leyte ... Boys1 it is only my opinion ... correct me if I am wrong but they have already spent in excess of $300 million (YES $300 million) on three drill holes in the Phillipnes in the last 12 months ... something tells me they are concentrating their efforts on what they are currently drilling ... they exercised their option to drill the third test hole ... presumably they would not have exercised this option unless they saw something interesting with a high chance of success.

    I hope I am wrong! Good luck holders and I mean no malice with my post.
 
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