Here is an example of the misleading statements by OEL:
In December 2008, Otto and BHP Billiton , entered into a conditional Heads of Agreement which set out the key commercial terms for the farm�]in by BHPB to SC55.
Otto retains 25% working interest
Otto will receive back costs for work completed to date
BHPB will pay full cost of multi�]prospect 3D seismic survey in 2009
BHPB will drill and cover all costs of 2 deepwater wells
Value of deal to Otto ~US$150M
So according to OEL the value to OEL is $US150MM on a 25% basis. i.e. BHP are spending $US600MM??
I would suggest that the total BHP spend is likely to be around $US150MM and the value to OEL is closer to $US37.5MM. This is typical of what you can expect from shifty OEL management - overstatement of value by $US112.5MM!
I'm sure it is an "honest" mistake though...
p1000
- Forums
- ASX - By Stock
- otto energy bhp joint venture
Here is an example of the misleading statements by OEL:In...
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OEL (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.74M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 615750 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 615750 | 0.012 |
12 | 12544970 | 0.011 |
8 | 5620909 | 0.010 |
1 | 500000 | 0.009 |
1 | 125124 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 100000 | 1 |
0.012 | 1188401 | 4 |
0.013 | 10925129 | 11 |
0.014 | 6556618 | 7 |
0.015 | 4139109 | 7 |
Last trade - 16.12pm 28/10/2024 (20 minute delay) ? |
Featured News
OEL (ASX) Chart |
Day chart unavailable