OEL 8.33% 1.3¢ otto energy limited

galoc reserves update soon?, page-8

  1. 6,354 Posts.
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    Cujo,

    NDO's debt is only US$22m in the form of a convertible note, and not due til Aug 2011 (but interest paid anually)...that's not a lot, especially considering Tindalo coming online in the next 3 or 4 mths.

    Carabaea,

    Considering NDO's reaction to OEL's publication of (OEL's) estimate of remaining Galoc reserves, I would hope that the GCA estimate is higher, otherwise NDO are going to look a little er, "schoolboyish"...imo.
 
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