Otto is for sale, and whilst the wheels may fall off, it is very likely to be sold as a whole or the bits..
I know this because Stev Herod was appointed.
I believe that Molton want out, so it could be at fire sale prices.
I have attempt to estimate what we may get.
I believe that my High Case is still conservaitve, and if there are multiple buyers/bidders, then this should be an absolute minimum.
If there is only a single buyer, then the final price may be closer to my Low Case.
My valuations range from $0.025 to $0.033 (still conservative if there are multiple buyers).
I would expect that we will vote on course of action at the AGM (November).
This is based on oil and gas values for 1P, 2P and 3P reserves.
The field by field values are a bit dodgy, but I believe that overall they are about right.
Sum of Fields Oil (adjusted) 1P 2P 3P Gas (adjusted) 1P 2P 3P Oil bbl High $23.81 $11.88 $2.63 Gas mmcf High $1.49 $0.82 $0.18 Oil bbl Mid $17.86 $7.37 $1.61 Gas mmcf Mid $1.11 $0.46 $0.10 Oil bbl Low $15.48 $5.53 $1.21 Gas mmcf Low $0.97 $0.35 $0.08
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Open | High | Low | Value | Volume |
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2 | 14801035 | 1.2¢ |
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