take a look at the share price chart of the buyer (NDO) from the day they bought that asset - ~$1.00 down to $0.045 today (gone well for them hasnt it?) Otto sold for something like US$34 per barrel, 2P in the ground - doesn't look like such a bad call seeing as, oil hit US$28 per barrel not long afterwards and NDO looking like they will book a US$17mm loss for 2016. Moreover, OEL more or less replaced the galoc reserves for just a few bucks per barrel. They have some work to do in other areas for sure, but on that sale deal, it would seem the accountants maybe got that one right....
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Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $57.54M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.2¢ | $1 | 92 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 5214781 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 960978 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 3214781 | 0.011 |
12 | 18687452 | 0.010 |
1 | 100000 | 0.009 |
3 | 370247 | 0.008 |
2 | 550000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 411284 | 3 |
0.013 | 8747894 | 12 |
0.014 | 12096952 | 12 |
0.015 | 4127000 | 5 |
0.016 | 714285 | 1 |
Last trade - 10.06am 06/09/2024 (20 minute delay) ? |
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OEL (ASX) Chart |