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Rumot, can you please tell us how you work out that OTE has more...

  1. Buckland
    8,876 Posts.
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    04/09/12
    22:13
    Post #: 10670328
    Rumot, can you please tell us how you work out that OTE has more money coming in then going out.

    They expect to spend $652000 and Admin fees $174000 for at least $816000 spend in the current quarter.

    So how much do you think they will have as incomings for this quarter even taking into account the money being released from escrow.

    You could be right over time but again i say we need three more producing wells for OTE be be in the black.

    DYOR
    OTE Price at posting: 0.4¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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