OEL 0.00% 1.3¢ otto energy limited

SM71 Production data, page-30

  1. 9,226 Posts.
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    What a difference the POO and a holder wanting out can do to the SP. Have been topping up of late seems to be an early xmas present at ~4c. Plenty to look forward to in the next few weeks/months:

    - Processing portion of Westerngeco seismic (undertaken and paid for by BYE) over SM71 and nearby leases is due by now (December) as per byrons quarterly- lets hope this confirms understanding of existing reservoir and leads them to further drilling of SM71. This could also firm up prospects in the adjoining block VR232 (OEL/BYE) - would make sense to utilise the existing platform infrastructure - lets hope the JV were simply waiting for outcome of the processing of data to derisk any further development drilling .....

    - F1/F3 downhole work was to be completed during November ( to better understand production from the reservoir) as detailed in byron's September quarterly.

    - October production data should be made available to public next week - this pisses me off that the JV won't release this data - have previously been advised BYE were unwilling to provide further production data outside of quarterly.

    - Any sniff of commercial oil and gas at lightning .......

    - upcoming elephant drill in Alaska

    Lets hope the company is working frantically behind the scenes to create some shareholder value. They really do need to do some capital management work to limit the damage one shareholder selling out can do to the SP lets hope they learn from this lesson.
 
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