otto - foresee the future, page-12

Oh please corporate, give us a break! "fundamntals" more like "fantasy" but that's what most punters want to hear isn't it.

"Hawkeye Prospect SC55:
Hawkeye prospect is planned for Q2/2014 and the project is as exciting and even more than Cinco prospect. Success case of Hawkeye is estimated at $1.50/sh (23 cps risked) and if Cinco and Hawkeye meets the expectation, SP could be potentially $2.60/sh which is staggering (~ 30 times the current SP)."

$2.60 on success at 55. LOL. So that would make Otto a 3.38 billion dollar company on just a find there. I'm sure he's pulled them from some analyst report not worth reading but let's be realsitic.

Try doing some peer group comparisons and you'lll see how ridiculous some of these $$$$ signs are, here's one to start you off.
Beach (BPT)- Produces 22,000 boe a day.That's right, actual production. Market cap 1.73 billion.

And duhat! please, just drop it. Yet to see the cost of that little excercise for 2 days drilling. what a kick in the guts which we still haven't recovered. As dargie says,. nothing going on here except phase 2 and outside chance of a drill date some time next year. Still upside here on phase 2 but can we put a lid on the BS.