Perhaps if it's a wet weekend i'll go back & work out just how much cash OEL have raised over the last 2 years...
Cash hungry, but people like the story clearly?
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anyone interested in OEL?
Watch out...
Typhoon season is just around the corner
http://en.wikipedia.org/wiki/2009_Pa...typhoon_season
:cool:
.^sc
Ha Ha Ha! :p
With any luck one will head straight for the Galoc Oilfield !:eek:
Any cash raised can still be used for drinks and nibbles at staff functions, in default of anything else to spend it on.
Don't you just love the way junior oil companies chew up your money.
APX excelled at this sort of thing. Hero to zero in two years, meanwhile the CEO's were promising to take the company to the moon.
Just read the whole thread ( skimmed quickly really ) while looking over the Chart.
Very educational
They dont promote Argentina much ......this is all they really git going for em in the kennels ..... wow wow woof . Maybe a buy on market at 4c is a play ?
Hey shasta,Quote:
shasta-As for OEL, the Turkish gas assets are coming online soon, Galoc is still producing & they have raised more cash...
The SP has factored in all the bad news & seemingly forgotten the direction the company is taking.
I also think the Santa Rosa project in Argentina could be huge...
I had a look at Those Turkish gas assets... I was not overly impressed with expected Flow rates... 10 MMCF is not wow...
CUE's Oyong Gas project Flowing in the 3rd quarter should produce at 5 times that rate...
When the cap raising process is over OEL will have almost one billion shares...
SP should Fall to 5c....
:cool:
.^sc
Which may well provide me with yet other opportunity to ride the Otto wave.
OEL are producing over 2,000 bopd net from Galoc, that puts them ahead of CUE at this point in time :D
The gas assets have grown & they keep striking discoveries using there AVO style analysis, i'm picking by the time they link up all the wells, the annual revenue should be around $US8-10m, useful if not exceptional.
Po Valley in Italy is another project that could set OEL off...
I'm happy to wait for the capital raising & overhang to sort itself out, & have better targets at present.
Still will watch it for any chart reversal
1-Well shasta, you got your chance... OEL down to 6c todayQuote:
shasta-
1-Which may well provide me with yet other opportunity to ride the Otto wave.
2-OEL are producing over 2,000 bopd net from Galoc, that puts them ahead of CUE at this point in time :D
3-The gas assets have grown & they keep striking discoveries using there AVO style analysis, i'm picking by the time they link up all the wells, the annual revenue should be around $US8-10m, useful if not exceptional.
2-maybe not... With the third well coming online now, and existing production, that call is touch and go...
3-10 Mill US per year exceptional...?
Not really!.... not when all the cap raising is complete with a Billion shares--> Not good at 10 CPS supporting approx a 100m cap...
:cool:
.^sc
OEL is going the wrong way, i'll be interested when it starts moving up!
I'm watching CUE Shrewd, & good to see you're checking in on OEL
The gas revenue adds to the galoc oil remember, whats 2000bopd at a slight discount (around $2) to the Brent price worth?
Remember they paid less than $US10/bbl for Galoc