OEL 0.00% 1.2¢ otto energy limited

- but for how much longer?This company has top management and...

  1. 44 Posts.



    - but for how much longer?



    This company has top management and excellent projects/licenses.


    Market cap of $9m (excluding options)



    This must be the time for accumulation of this stock.



    See their
    Presentation here for a rough idea on their operations and prospects.



    Here is an old profile on Poll in the Mac Report.



    And another one from EnergyReview.net





    Here is an extract from Surge Global Energy's site re the Santa Rosa Prospect where Ottoman is earning an initial 32.48% interest:






    Mendoza Province, Argentina


    Overview.
    The Company currently has the right to purchase up to 50 percent interest in the Santa Rosa Dome Concession in Argentina. The Concession is located in the eastern half of the Cuyana basin in the Province of Mendoza, in central Argentina. The Concession occupies 7,694 square kilometers, comprising exploring block #CCyB-9.

    Volumetric calculations conducted by Dr. Norman Haimila, special consultant to the Surge Global Energy Board, have indicated that an expected value of 197 million barrels of oil may exist within the Santa Rosa Dome Prospect. Management believes that under ideal conditions, the site may eventually yield up to 600 million barrels of crude oil.


    The Cuyana basin has been successfully producing oil since as early as the 1860's. More than 350 exploration wells have been drilled in the basin, 78 of those have been classified as discoveries. Reserves for individual fields were as high as 319 million barrels of oil and 55 billion cubic feet of gas, with the highest average production rated for a single filed exceeding 24,000 barrels of oil daily.


    The Company believes that, through the compilation of geological interpretations and analysis of seismic data, that hydrocarbon generated in the eastern portion of the basin have migrated eastward toward the Santa Rosa Dome. Migration of hydrocarbons is indicated by shows in wells around the margins of the Santa Rosa Dome and also may be indicated by gas readings in mud logging equipment. Seismic lines do not indicate any structural impediments to the migration of hydrocarbons on the west side of the some between the source area and the potential targets.











    There is risk in all exploration so DYOR
 
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