OEL
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9.09% 1.2¢ otto energy limited

Otto on the North Slope, page-42

  1. ronstieb
    8,979 Posts.
    lightbulb Created with Sketch. 549
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    16/02/16
    14:47
    Post #: 17032538
    Roughly 33mil shares have traded since the spike up began on Feb 11
    Soaking up the profit taking from the low twos....

    Cara, yes, hoping for a Tanzania farmout. Anticipation of that is what kept me onboard lately.
    Even if they dont farm it out, net USD4-5mil drilling costs to chase 150-200mmbbls onshore at Kito is a good punt and easily within OEL's budget.
    OEL Price at posting: 3.1¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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