OEL 9.09% 1.2¢ otto energy limited

Taken from the announcement for the Independent reserves "The...

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    Taken from the announcement for the Independent reserves

    "The SM-71 discovery has delivered a very significant reserve base to Otto for a very low finding cost of US$2.11 per barrel of oil equivalent"

    This is excellent. The cheaper the finding costs the greater the profit margins. Being from an Oil and Gas background these costs are very low.
 
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