OEL 0.00% 1.2¢ otto energy limited

otto no longer the "bridesmaid" now the bride, page-8

  1. 168 Posts.
    Here is my 2c worth:

    - will the announcement of the definate farmin affect the share price. Maybe a little, but after all it is not suprise, many people probably have already factored this into the S.P.

    - OEL has 33m cash on hand, yes, but Galoc is being shut for 3 months, and they have a lot of cost with various seismics. I think this figure might be reduced after 6 months. The real benefit from Galoc will be evident after 2013 if they choose to drill the additional wells.

    - unless BHP announces a 2 well drilling program before they drill the first well or they perhaps accounce a drilling program for the Lampos structures the share price might come down considerably if the first well in sc55 is a duster.
 
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