News: Otto Energy December 2013 Quarterly Highlig, page-20

re: News: Otto Energy December 2013 Quarterly... Hi folks
Had a good read of quarterly like I said
My conclusion is its good value but there is better value in other O and G stocks -
Not a cross ramp but as an explanation
Roc ( which I hold ) vs OEL
Market cap roc 305
Cash and inv ( 130-140 m aud likely to be top end )
Current production 7800-8100 bopd
Reserves 13-14 m

Compared to OEL
Market cap 113 m
Net debt 19 m usd
Production 3300-3600
Reserves 4 million odd

If.i look at the two , and consider that OEL will need to pay don debt and by the time they do prod likely to be 2900-3200 and I compare current EV per reserve barrel it's seems to me Roc presents a more compelling opportunity .

On the growth front - Roc has an RSC with Fid expected to be Ann in quarterly and a farm out of two exploration wells with a 2 to 1 promote rate to HZN in a highly prospective area so I know that OEL has kito and SC55 but on a risk reward I prefer Roc . Both are cheap though and I expect both t do well over the next 6-12 months