OEL 7.69% 1.2¢ otto energy limited

It is pointless as shareholders in a non operator saying that it...

  1. 4,769 Posts.
    lightbulb Created with Sketch. 2233
    It is pointless as shareholders in a non operator saying that it makes sense to drill L3 ,L4 and L5 as soon as possible.
    Hilcorp solely decides when those wells will be drilled.
    They are a big company in a time of turmoil and opportunity in the industry .
    Those wells will be drilled when they become the best use for Hilcorp's capital .
    Who would know what issues or opportunities they are dealing with at the moment but they are probably much more material to them than Lightning.

    I wonder if they drilled the last of the exploration wells in the program we withdrew from ?
    One was by far the biggest pre drill target and probably had the biggest risked pre drill value too.

    I of course would like to see the L3-5 drilled back to back too .
    If they had to draw down more of the MB facility they would quickly pay it back.

    The same applies to the M5 well , it will only get drilled when BYE decides it is the best well for them to drill.
    As a non operator what we do is in the hands of others.

    A non operator without a fit for purpose Warchest just has to sit and wait .


 
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