OTE 0.00% 0.3¢ otis energy limited

Hi rumoti bet you had sweaty palms when that ann signal showed...

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  1. 2,008 Posts.
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    Hi rumot
    i bet you had sweaty palms when that ann signal showed up.
    i just can not understand how you think that that ann. was good news. Please the well will cost us 740k , more than we have in the bank , for less than 10 bopd if every thing goes as plan. i might remind you that FUT or OTE has never drilled a succssfull well that falls with in directors claims.
    So what are we left with cap raising , is that good , how many shares do they issue this time 2 bill. that will effectly half all our investments AGAIN.
    A well that might flow 5 - 7 bopd. HOW LONG WILL THAT TAKE TO PAY BACK. what do you think about 3- 4 years ! will it flow for that long?
    Wheres the good!
 
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