history

last year OTE had a surge early with a string of new projects announced.

this year there is
1. at least 1 new Comanche well that should provide > 10 bpd to OTE with peak oil > 20 bpd to OTE (per well).
2. Lakes. Hopefully not cut short this time, then should see ~ 15 bpd net to OTE

So known wells should get OTE back up to and well over 50 bpd revenue and keep it there long term.

With WTI oil at $95 this should get $1.5m to $2m per year and start seeing OTE turn a profit.

Then there is some room for new projects. IMO hopefully in less over-explored territory.

On the negative side there is still a lot of negativity that may blunt any good news.

Rumot