OEL 0.00% 1.3¢ otto energy limited

Ann: Otto to Participate in Production Acceleration Well at SM71, page-16

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  1. 9,287 Posts.
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    One has to remember this is an acceleration well to produce existing D5 reserves you have only focused on increased prospective resource they will be monetising existing 1P & 2P reserves so not sure your numbers are reflective of revenue generation at all.

    Production costs have been ~$7 BOE from recollection from BYE previous presentations on the field.

    The company could do a better job of explaining this to market ... lets hope they will look to do so in the next release when drilling kicks off.

    Could make quite the splash if the CR occurs before the results of the well are known. All things being equal SP could be 0.4c in which case it wouldn't take much success to provide a meaningful uplift
 
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