OTE otis energy limited

back to normal

  1. 2,073 Posts.
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    Another 100k gone, these small wells that produce 1-3 bopd ,start costing shareholders alot of of money.i think with all moneies spent on these wells , that will take 20 years to even break even ,it would have been better to partner with some reputable oil men and go for the big hit.Are they mates of management who are spreading the risks? How much have we spend so far? How many more are we going to drill? How long before management run out of money and need to do another consolidation ? If we do another consolidation say at 1:10 that will leave holders with 1% of original investment. And to all those out there in fairy land who think this was a good way to go BLAH.
 
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