I don't know why people are so surprised that Duhat 2 went the same way as Duhat 1 and I am even more surprised that people fell for the "what if it has 88M barrels" routine and pushed the price up.
I am sure it will cost them a few million, but better to do this now and than to drill it all the way to the bottom and then flag it away and cost a whole lot more.
The big money for Otto is at Galoc. The market has not really added the Galoc figures up yet, but when the additional cashflow comes it will be a tsunami of money into their coffers.
Anyone who was smart enough to trade some in the early 9s will be smiling now.
Ann: Otto Updates Duhat-2 Drilling in SC51 , page-18
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Last
1.3¢ |
Change
0.001(8.33%) |
Mkt cap ! $62.33M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.2¢ | $48.19K | 4.015M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 10476011 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 16762591 | 22 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| OEL (ASX) Chart |