OEL 7.69% 1.2¢ otto energy limited

Ann: Trading Halt, page-80

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  1. 4,810 Posts.
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    It was only a 30% COS well .They went for it because it was potentially a relatively big target .
    Drilled efficiently and significantly under budget .
    BT is a smaller target but at 54% has a better COS and Monday's price action may have meant good news coming .
    However it may have just been FOMO .We will know tomorrow .

    I expect we will probably get TH's for all the wells in the program from above any potential pay zones until logs are run .
    We have blown just under US4 million on this well so only a bit over one months cash flow .

    Hope for better news tomorrow .

    gltah
 
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