The drilling of Galoc has begun with a low key announcement after market close. No fanfare about reserves just on with the job.
Looking back at the last reserves report, reserves to Otto should be over 4 mbls once this well is completed with more than double production rates.
An investment in Otto looks very safe with the most likely result of a share price in excess of 20 cents by the end of the year or even before.
And whilst there is no value in Otto for SC 55 BHP is still in there dealing with the blackmailers.
No lotto for me. My money is on Otto.
Cheers all
otto better than lotto
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Last
1.3¢ |
Change
0.001(4.00%) |
Mkt cap ! $62.33M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.2¢ | $3.938K | 325.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 7769291 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 12228565 | 19 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| OEL (ASX) Chart |