OEL 7.69% 1.2¢ otto energy limited

Capital Return, page-17

  1. 1,726 Posts.
    lightbulb Created with Sketch. 30
    E&P is an expensive business .

    Otto have been prudent with the cash , executed very well imo and shown they can piss with the big boys by securing a rig for a carried drill later this year .

    Starving it of cash could have a detrimental effect on the EAR's exploration .

    I would rather they had sunk the money in the ground .
 
watchlist Created with Sketch. Add OEL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.