OEL 0.00% 1.3¢ otto energy limited

has galoc had an oil shipment yet?

  1. 4,510 Posts.
    Has Galoc made a new shipment of oil yet after starting up Phase II earlier in the month?

    With the oil coming out at 12,000+ bopd the FPSO should fill up much more quickly than before and therefore a first shipment of oil must be close at hand.

    More interested in seeing when the money comes into the bank for that and will OEL actually get the cash for 3 shipments in the next quarterly report or will it be only 2.

    I do recall there being a suggestion there will be 11 shipments per calendar year at the rate of 12,000 bopd, so if the first Q1 2014 only gets 2 shipments, does that mean the remaining 3 quarters all get 3 shipments each?

    Can anyone add to this?
 
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