OEL 0.00% 1.2¢ otto energy limited

edirne gas sales, page-3

  1. 4,510 Posts.
    I can tell you that when Amity was operating a similar gas operation in Turkey they eventually made a bundle once they got it going. In the end they sold it for (from memory) A$45M and cleared off.

    The cashflow that is going to come out of this will be very considerable and go on for years. The comment that they are importing their own rig is exactly what Amity did and proved to be a good idea.

    This is going to be a good steady earner for Otto and a second completely different stream of income, with the gas price set by the Turkish govt who is also buying the gas off them.
 
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