I also think they're allowing for some field decline over the first 12 months, which is reasonable. The investor presentation said 11 lifts with 100,000 net to Otto each, so that's an average of 3000bbl/d to Otto. Not the 4000bbl/d which would come net to Otto from the online rate of 12000bbl/d from Galoc. Expect we might see an update after they've seen a month or more production and can better estimate their decline model and reserves.
I also think they're allowing for some field decline over the...
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Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 14 | 15524781 | 1.1¢ |
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| Price($) | Vol. | No. |
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| Last trade - 11.47am 31/07/2024 (20 minute delay) ? |
| OEL (ASX) Chart |