OEL 0.00% 1.3¢ otto energy limited

Crude Oil, page-72

  1. 9,047 Posts.
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    Looks like the recent vids missed the mark with punters. Main thing lacking is a drilling program.
    We've done to death the comparison with BYE, but I do note that despite currently unknown funding terms, BYE have a confirmed well by August, and potential (pending funding) development wells in Q4. Given BYE's priorities we can forget about SM71 F5 for CY 2021, so its possible Lightning well/s in 2H CY 21 and/or an acquisition.
    With our apparent no need for external cash for known activities, I have wondered if the recent PR vids are to pump the sp ahead of some corporate action like a CR(heaven forbid) scrip offer, or merger. If thats the case, it definitely hasnt worked.
    Wrt E's observation about the sp not moving in the last year despite higher POO, well USD40m blown on GC21 for Net 70boepd and delaying the remediation for 1 year will do that to a sp.
 
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