OEL 8.33% 1.3¢ otto energy limited

great news, page-12

  1. 559 Posts.
    lightbulb Created with Sketch. 8
    Re read there ann.
    And yes they will prefer a farmin , but they can afford to do the well. Its a $40 MILL RISK approx after Bhpb pay.
    They paid $60mill ther share on Galoc. There gross cash inflow is about 11mill a month from Galoc. Do the sums.
    They can an will if no farmin but I suspect with there current partner they will consider other farmins.
    Its a great outcome and I bet the Otto management are rolling out the champaine bucket this week or at least after the pAPer trail is complete.
    247
    ps.
    i bght cfd's today to add to my holdings at 8.5c an 8.6c.
 
watchlist Created with Sketch. Add OEL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.