re: News: Otto Energy December 2013 Quarterly... Dargie
I would also hope OEL are prudent in managing their exposure to any cost over runs, should an SC55 farmout and well eventuate.
Not sure if BHP's former farmin funding of SC55 wells was capped , then all partners contribute as per WI to any cost over runs ?
The old announcements didn't elaborate on that so I suppose it was capped at an undisclosed amount ?
Interesting to look back at the glacial pace of the previous farmout to BHP.
11-05-2011 BHP exercise farmin option to SC55
28-12-2011 Execution of final farmin documents
22-02-2012 Farmin approved by DOE
So 9 months to sort the farmout.
Funny enough, the rig contract was cancelled on 18-01-2012, before the DOE approval of the farmout. The rest is history.
News: Otto Energy December 2013 Quarterly Highlig, page-55
Add OEL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.3¢ |
Change
0.001(8.33%) |
Mkt cap ! $62.33M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.2¢ | $12.34K | 1.028M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 17892904 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 12332282 | 21 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| OEL (ASX) Chart |