OEL 9.09% 1.2¢ otto energy limited

Thanks. Fibonarchery. Yes, economically viable AND successful...

  1. 36 Posts.
    Thanks. Fibonarchery.

    Yes, economically viable AND successful drill work (gas or oil actually flows).

    But 8% and 13%?

    I thought that modern methods for 3D surveying already increased the chances of identifying reserves (close to 90%??) and it was just a matter of finding the ideal drill hole.

    I was looking at 25% and 50% respectively for CINCO and DUHAT mostly due to possible technical drilling issues (leaks, pressure, etc.) but I am no expert.

    Would love to hear other opinions though from more seasoned oil investors.


 
watchlist Created with Sketch. Add OEL (ASX) to my watchlist
(20min delay)
Last
1.2¢
Change
0.001(9.09%)
Mkt cap ! $57.54M
Open High Low Value Volume
1.2¢ 1.2¢ 1.2¢ $1 92

Buyers (Bids)

No. Vol. Price($)
7 5214781 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 960978 4
View Market Depth
Last trade - 10.06am 06/09/2024 (20 minute delay) ?
OEL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.