Cash - 1.22c and increasing following receipts from production and first $2.04M insurance payment . interesting to note the insurance payout has been received but claim not closed. JV partner received $2.5M insurance proceeds for reference so OEL could be in line for a further payment.
Production down for the quarter - key asset SM71 was out of action for 18 days of the quarter which largely helps explain lower production. F5 appears to be a total write off at the moment will be interesting to see what additional actions if any the operator makes.
Lightning still performing strongly
GC21 performing strongly
MBW producing ok seems to have plateaued at 45bopd and 1.6mmcfd
OBS looks like production is held
Top20 still adding to their shareholdings
Meaningful cashflow is still being generated with no near-term development plans expect cash should continue to meaningfully grow
OEL Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
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