otto no longer the "bridesmaid" now the bride, page-11

hi Carabaea

hope you're keeping well & very merry xmas..

investors have taken in some of the recent news / press / insto reports and see the big opportunities. which i believe has caused the recent jump in activity ie: share price & volume.

with SC55..

"success"...i'm thinking along the lines of 1 in every 3 wells..i think 1 in every 2 might be stretching it.

so we are "all" hoping our first up drilling target Cinco Prospect is successful..

having BHPB as JVP doesn't guarantee that we'll have oil / gas every where & success with every well, but what it does mean they can bring plenty to table like : very good talent / personal, top class drilling rigs. (it beats having people whom have inflated ego's & wrong people running the company, i'm sure you know who i'm talking about LOL)

from what i hear the guys / gals at BHPB in the Philippines have been working very hard on this prospect Cinco.

"1 in 3" i think it's possible..it's very easy to do some based upon the figures below:

• An impressive portfolio of gas and condensate targets, aggregating into an emerging major
regional offshore trend, parallel to the island of Palawan, Philippines
• Total unrisked potential Mean Recoverable Resources (Nido level carbonates only):
• Gas: 19 Tcf
• Condensate: 670 MMbbls

lastly, i've been considering this.

if SC55 is very hot property. we might see Otto expressing interest in other service contracts along N.W Palawan & S.W Palawan...(by this stage they be among the "majors"..)

....