OEL 0.00% 1.4¢ otto energy limited

is it possible bhp will make cash offer

  1. 37,286 Posts.
    lightbulb Created with Sketch. 400

    BHP Billiton will under take extensive 3D seismic progamme sometime during 2009.

    if it comes up as expected top quality ie:

    Gas >4TCF, OIL 1.3 BILLION BARRELS

    they may see it as a good opportunity to actually place a cash offer on the table.

    they currently have 60% and could easily look at taking Otto's 25%

    Otto's interest on the above figures =

    Gas >1TCF & >OIL 325MM BARRELS.

    also i think BHP Billiton are front running for SC63 looking at AboAbo#1 which previously flowed at 50MMCFG PER DAY.

    so this would put BHP in a very strong position for a HUGE development.

    once they take control they could easily flog off Otto's other assets (perhaps keeping one or two).

    chalk this down as a possible takeover by BHP.

    this is the "Jewel In The Crown" for Philippines oilpatch.

    Image Hosting by Picoodle.com
 
watchlist Created with Sketch. Add OEL (ASX) to my watchlist
(20min delay)
Last
1.4¢
Change
0.000(0.00%)
Mkt cap ! $67.13M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
3 745312 1.3¢
 

Sellers (Offers)

Price($) Vol. No.
1.4¢ 10298589 19
View Market Depth
Last trade - 16.12pm 14/05/2024 (20 minute delay) ?
OEL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.