its a goer, page-27

Yes some exceptional margins .

All the while Galloc is flowing 10,000 bpd then the opex per barrel is not a problem and the profit margins are great .

When the flow rate declines the economics decline even worse . It's not like a stripper well on terra-firma .

The question would seem to be for how many years can such flow rates be maintained .

This should at least provide sufficient cashflow to pay for the development and retain a very material interest in the massive East African Rift play - where drilling and seismic costs are falling .

I topped up yesterday . Even if it falls further this should only be temporary as the heat in East Africa intensifies and news arrives about SC55 .

Interested to see what else Otto management do with the proceeds .