Thanks C . This is a great company .Galoc keeps pumping cash and...

Thanks C . This is a great company .Galoc keeps pumping cash and you still have the huge potential of the elephant country.
here is what I wrote few weeks ago but no one seem to notice but as it turns out I was spot on.
"Galoc cash cost per barrel was 17 to 19 dollars per barrel.With the field slowing down costs per barrel will be approximately 21 to 22 dollars per barrel plus you have 30% tax to take away from each barrel.With oil approximaely $113 per barrel otto makes $50 per barrel.Otto will be generating at least 1500 barrels per day.($75000 per day)That a nice little profit!!!!!!!
Partners in Galoc have been having talks about the next phase of development .Of the 160 to 180 million of barrels at galoc at least 8% is recoverable.That leaves at least 10000000 barrels of oil at over 100 dollars each.
Otte should have at least 34 to 35 million in cash reserves by the end of this quarter.
otto then has the big sc55 acerage to farm out.If BHP did not farm in other majors will be looking too. under the terms of the agreement with BHP otto can't market sc55 to anyone else but if BHP did not take its option up you would find one of the other majors would farm in as sc55 offers the best potential wild cap exploration acerage that many oil people have seen in their lifetime.
Great cash flow coming through.Great cash reserves and great acerage.Doesnt get any better then this.Major shareholders know this they are not selling.Volume is low due to small traders moving in and out."