For all you Otto fans out there (& yes i'm one) ;)
http://www.wise-owl.com/images/user/...BuyOct2008.pdf
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For all you Otto fans out there (& yes i'm one) ;)
http://www.wise-owl.com/images/user/...BuyOct2008.pdf
OEL - Sept Quarterly :cool:
http://www.asx.com.au/asxpdf/2008102...vnh1l58cff.pdf
OEL - First Cargo of Oil (300,000/bbls, 54,840 net to OEL)
http://www.stocknessmonster.com/news...E=ASX&N=427289
Average 15,000 bopd x 0.1828 = 2,742 bopd net to OEL
Let's assume say $A100/bbl, thats daily revenue of $A274,200, nice :cool:
OEL - Asian Oil & Gas Investment Congress Presentation
http://www.stocknessmonster.com/news...E=ASX&N=428579
Meanwhile OEL continues to accrue revenue at least $A250k per day :D
OEL - Galoc Field Update
http://www.stocknessmonster.com/news...E=ASX&N=428925
If -and it's a big if-the oil price stops bouncing up and down on the bottom, and heads north again, a stock such as Otto is a double bagger for sure. I picked them up for 18.5, but anything under 30c is an absolute steal IMO.
Galoc oil production underpins the SP and junior looks sure to be re-rated in due course.;)
down 17% yesterday....what happened?
Not too sure, the VWAP was 15.42c, compared to the close of 14c.
Not a big amount $ wise traded, but volume up on the rest of the week...
Looks like it's a liquidity issue, the 100k parcels had to drop the sell price to get hit (looking at the stockness trading data)
Might have flushed out a few weak hands near the close with a few small parcels going through.
Negative ann coming Monday:confused:
Yes shasta I agree, they might be releasing some bad news monday. A break below the previous support of 16.5c is a sell signal in itself.