re: News: Otto Energy December 2013 Quarterly... "You most certainly won't be getting any project finance for drilling wells."
Dargie with the previous deal with BHP they were 100% financed for the 1st 2 wells.
All I am saying is they should get a better deal than with BHP because the project is more advanced - 3D etc.
By getting the 1st 2-3 wells free carried, they could further farmout in a few years time depending on the results. If they overcommit financially it quite often ends in tears for the shareholders. Just look at BCC whose shareholders face massive dilution.
News: Otto Energy December 2013 Quarterly Highlig, page-24
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