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Hi ShabiComanche cash should start being received now.I...

  1. rumot
    480 Posts.
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    31/10/12
    21:51
    Post #: 10940676
    Hi Shabi

    Comanche cash should start being received now.

    I predicted at the start of the year that OTE would be getting 50 bopd by years end.

    I think they have been there for a while now and with receipts for this starting to come in, Q4 income could be ~50x90x365/4 = $410,000.

    If outflow is only the predicted $396,000 then Q4 could be the first ever positive quarter.

    What are they spending the $200,000 exploration/development on?

    Cheers Rumot

    OTE Price at posting: 0.2¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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