Wow,
Sandy being negative on the board - a good contrarian buy indicator if I have ever seen one lol!
So the Philippines may get returned to the moose. Big deal. Even in the success case the gas wouldn't be coming onstream for sometime and would be competing against Mozambique and US shale. One has to be realistic about Otto's ability to fund such a project too.
Focusing on faster to develop oil prospects in one of the hottest exploration addresses makes a lot of sense to me and the board should be congratulated for having the foresight to have this alternate play ready prior to BHP getting cold feet just prior to consummating the marriage.
It could turn out to be a blessing in disguise. BHP is very long US shale gas and Philippines gas would always struggle to compete in its portfolio. There is imo now a greater chance of a large pay day from Otto than there was this time last week.
OK?
OK
Wow,Sandy being negative on the board - a good contrarian buy...
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $5.9K | 491.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 12272711 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 4964014 | 9 |
View Market Depth
| Last trade - 10.06am 19/07/2024 (20 minute delay) ? |
| OEL (ASX) Chart |