I have been following the company for a few months and understand the frustration. I got in now as I believe they are starting to get the results they have been trying to achieve. Once they get the lakes wells online and the Comanche project completed we will have a better picture of the operations profitability. Results I think there is more upside and should not be completely written off just yet.
Otis Energy starts completion of Texas well, cash flow to follow soon
(ASX: OTE) expects commercial production from its first Comanche project well in Texas to start once completion procedures are completed and for the second well to spud on 12 June.
Completion of the first well is expected to start on 30 May with the onsite production facilities now completed while the gas gathering line connecting the well to the gas sales line is nearly complete.
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