OEL 0.00% 1.2¢ otto energy limited

Thanks for that Sharpeye, that's a great read, far more...

  1. 6,349 Posts.
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    Thanks for that Sharpeye, that's a great read, far more informative than most crap you read.

    Retrospectively, it is very interesting, especially in relation to McNab's involvement in SC55 before his Otto appointment.

    "Indeed, McNab’s familiarity with Otto and its assets dates back much earlier than his appointment to the role – he was directly involved in the negotiation of BHP’s joint venture with Otto over the tantalising SC55 block in the Philippines’ Palawan Basin."

    May 2011 - SC55 - BHPP exercise farmin option.
    Nov 2011 - New OEL CEO Gregor McNab appt - "Gregor has spent the past 22 years with BHP Billiton Petroleum."
    Dec 2011 - SC55 - OEL & BHPP execute final farmin agreement.

    Take from that what you will. I'd have to wonder if he turns up back at BHP?

    Must also state that there could be some uncertainty placed on the reporting accuracy when you take into account what was said about NDO, Tindalo, and Gindara.

    Au contraire, Tindalo was full of water, and NDO reported gas and oil columns at Gindara deemed noncommercial due to a tight reservoir.
 
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