Agreed ... but we are taking it as a given that we are in Green#2 .. and would you participate in the drill if there was no debt facility to finance. Now I don't think we are that short of cash that we couldn't pay our share from cash & OCF from this Qtr, but something's not quite sitting right for me
22/8 was the annc re F4 & F5 ... and "Otto will formally review the proposed wells next week and elect to participate or not following technical evaluation ..." and Matt Allen saying ".... Otto is excited about the prospect of drilling two further wells on the high-performing SM 71 field" ... implies to me it is not a financial decision AND they are included in the development plan.
12/9 Good Oil Conf presented "Significant credit facility being negotiated to fund capital development projects" for which one could be forgiven for thinking F4 & F5 were included as this is over 3 weeks hence. While it is still listed as under evaluation, so too are numerous other opportunities (slide 4 & 6). Almost the same wording given for Green #2. And slide 10 almost implies a fait acompli for F4, F5, Green#2
Seems like its been presented as an "each-way" bet. Take every opportunity to include it in the development program with the "under evaluation" caveat and then pull it on a technical basis. Wasn't due to be drilled until early next year anyway.
Tell you what it does do though ... those forward estimates for FY'20 contained both F4 & F5 and a contribution of 150MBO that is no longer there (and if F5 is done it will only contribute about a 1/4 of the estimate (1 well and 3 mths production vs prior 2 wells & 6 months).
Lots of overhanging questions now. Perhaps Friday brings some clarity for a change.
- Forums
- ASX - By Stock
- Ann: Trading Halt
Agreed ... but we are taking it as a given that we are in...
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OEL (ASX) to my watchlist
|
|||||
Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $52.74M |
Open | High | Low | Value | Volume |
1.1¢ | 1.2¢ | 1.1¢ | $11.07K | 949.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 12347662 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 9927894 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 12347662 | 0.011 |
11 | 18557452 | 0.010 |
1 | 100000 | 0.009 |
4 | 1620246 | 0.008 |
2 | 550000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 9927894 | 13 |
0.014 | 12104235 | 13 |
0.015 | 4427000 | 7 |
0.016 | 2714285 | 2 |
0.017 | 72000 | 1 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
Featured News
OEL (ASX) Chart |