OEL 7.69% 1.2¢ otto energy limited

I get USD20.6m look thru value for OEL's 50% of Tanzania KK&P...

  1. 9,042 Posts.
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    I get USD20.6m look thru value for OEL's 50% of Tanzania KK&P permits, based on SWE's deal with Tata.

    I do note from OEL's June Qtr Preso..

    ""Farm-outs and further acquisitions
    will be considered, particularly East
    Africa Rift System opportunities""

    So perhaps post the H-1 duster, a Tanzania farmout is more likely, considering the additional committment to fund the Alaskan venture ?

    Bought a few today at 3.5c. Its cheap, but might stay cheap for a while since I expect theres no drilling until 2016.
 
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1.3¢ 1.3¢ 1.2¢ $5.14K 396.9K

Buyers (Bids)

No. Vol. Price($)
13 11021622 1.2¢
 

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Price($) Vol. No.
1.3¢ 17888761 14
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