Ozgem, I believe SC55 is delayed but will be retained by Otto (DOE will approve extension IMO) and will find a partner to farm-out in future. Even though it is offshore drill and is costly, potential of it is too huge to be neglected and am sure somehow or other, SC55 will be drilled and Otto will benefit though delayed. This is just my perspective and do not have any material to support it.
Personally I believe Tanzania will be huge for Otto than SC55 because of various reasons. I will be happy with Tanzanian success more than SC55 because I hold Swala shares (OEL and SWE are partners in K-K and Pangani license). I like Otto and Swala for the way they do business, potential blue sky assets they possess, transparent Management, good vision and am sure of success with these two companies in long term.
Ozgem, I believe SC55 is delayed but will be retained by Otto...
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $62.33M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $22.45K | 1.729M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 9449377 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 12726630 | 23 |
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| Last trade - 12.55pm 02/09/2024 (20 minute delay) ? |
| OEL (ASX) Chart |