Hedging at $75/bbl is possible , altho , if so , you would think now that they would be crowing about it? (My spys say the hedge is about $50/bbl)
Also $7.5m cash at end Sept ,, $9.5m at end Oct .... did I miss a placement somewhere??
Even with $9.5m and using $4m/month to repay the GPC debt ... looks like OEL will 'run out of cash' about the end of Jan ... and need a bridging placement til Galoc c/f available in Apr/May ....imo
Can for the life of me see Gazzata being drilled til June 09 earliest ... imo.
Not a great preso ... seemed the GM was very nervous and talk of deffering offshore projects and focussing onshore will hardly excite holders ....imo
SALTY
boardroom radio, page-7
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $3K | 240.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 13140096 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 10314006 | 18 |
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| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| OEL (ASX) Chart |