Fair comments MM2.
I'm pretty much basing my investment stratergy on BHP drilling 2 or more wells. I think one reason OEL may have bought out Vitol is if BHP goes into a third and more wells OEL may be able to afford its share of the costs without farming down further.
I was reading somewhere recently where OELs PE ratio was 10 against an industry average of 20.The Sp at the time was about 8c. Now i dont know whether thats based on the current 33% of Galoc?
OEL has other near term activity than just BHP and Cinco .Mc Nab's said they'll drill another well mid year in SC51 , the first one i believe had good gas shows albeit only getting to 390 odd metres ? SC69s seismic verdict is due out in the next month approx , so another farm out could come thru there by 2nd quarter 2012.Sounds like they'll acquire more Philippine acreage soon( worth a lot more if Cinco is a success ?) . I guess some quality E/African acreage will be aquired about then too. I know they knocked back some acreage and have a strict criteria ,regarding financial risk etc.
So i think its looking a pretty solid investment at worst over a couple of years.
c
- Forums
- ASX - By Stock
- OEL
- otto no longer the "bridesmaid" now the bride
otto no longer the "bridesmaid" now the bride, page-6
-
-
- There are more pages in this discussion • 7 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
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.54M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.2¢ | $5.9K | 491.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 12272711 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 4964014 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 12272711 | 0.011 |
4 | 2258780 | 0.010 |
1 | 100000 | 0.009 |
2 | 245123 | 0.008 |
7 | 1836283 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 1414320 | 4 |
0.013 | 13558765 | 18 |
0.014 | 5599735 | 10 |
0.015 | 4759572 | 8 |
0.016 | 248004 | 2 |
Last trade - 10.06am 19/07/2024 (20 minute delay) ? |
Featured News
OEL (ASX) Chart |