If my memory serves me correctly tax is has to be paid on your quoted reserves, so in Otto's case they would like to keep the reserves low as they have no debt and money in the bank. Nido situation is very different- perhaps they need a higher share price for borrowings, but at the end of the day as long as the oil keeps flowing and the money keeps rolling in, Otto will have more equity for exploration drilling as quoted in their investment presentation of 08/12/09. If Nido's reserve update comes in around the same time as the quarterly statement for Otto, with more farm out news , drilling programmes for 2010, and 2D for SC69, this could be a very exciting year for Otto. And not to forget further 3D results from Turkey.
IMO DYOR
- Forums
- ASX - By Stock
- galoc reserves update soon?
If my memory serves me correctly tax is has to be paid on your...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OEL (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $57.54M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.2¢ | $27.33K | 2.278M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 10310048 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 14475514 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 10310048 | 0.012 |
8 | 5010642 | 0.011 |
18 | 22637452 | 0.010 |
1 | 100000 | 0.009 |
5 | 595371 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 11292396 | 17 |
0.014 | 10395902 | 10 |
0.015 | 4627000 | 7 |
0.016 | 714285 | 1 |
0.017 | 72000 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
OEL (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online