OEL 8.33% 1.3¢ otto energy limited

Hi Bruce,Not sure that your thinking is consistent.In one post...

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  1. 1,462 Posts.
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    Hi Bruce,
    Not sure that your thinking is consistent.
    In one post you suggest shutting in SM71 production to only cover hedged position and keep oil in the ground until prices improve.
    Need to know the fixed and variable costs to assess the benefit.
    May be better to shut-in and close hedged position, but as you say BYE would not go for this.
    In this post you advocate getting GC onstream.
    Alternative is to defer GC until commodity prices improve with the added advantage of delaying capex.
    .

 
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