OEL 0.00% 1.2¢ otto energy limited

The future is certainly looking brighter than it has for a long...

  1. 9,321 Posts.
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    The future is certainly looking brighter than it has for a long time for otto. With cash continuing to increase now is the time for the board to put plans into action now they have some funds to help further increase shareholder value. Things have come along way from the lows of GFC and continious galoc issues otto seems to have turned the corner all we can hope is BHP do indeed sign on the dotted line sooner rather than later. SC 69 is shaping up as a service contract to watch the 3d expected to be shot early next year should help give an indication of the blocks potential. Then we can only hope that Hawkeye is one of many propspects BHP is eying up in SC 55. What cannot be disputed is SC 55 location is in a very attractive peice of realestate for the majors otto still very good buying based on current production alone without taking into account the huge upside that should occur if a farmout is achieved. Watch this space.
 
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