Ann: Otto to participate in two onshore Gulf Coast wells, page-85

another red herring from you boysy...complete bull...ive been told a complete non issue standard practice...could go on with the ins and outs why but you don't deserve the education..

..in the meantime is OEL selling PANR...price down 4% last night....other reasons why? Yes because it won't be economically viable by the time it gets to production..high oil prices are an aberration that won't last...

I doubt OEL is selling PANR

OEL has net cash, and daily positive cash coming into the kitty.

In fact OEL has so much cash, it appears to be pointlessly deployed to justify wages of our heavy management team.

Given that OEL had risk exposure to Talitha (10% WI), and then subsequently reduced its risk exposure by selling it for the 14.3m PANR shares (that retain the risk exposure to Talitha), I think it is unlikely that it will be sold. Also the 0.5% ORRI.

Wonder if that buyer will keep up their trend of buying late Weds...