OEL - Otto Energy

[jtb]

Still here fellow Ottomen,

Another nice write up in 'Resource Stocks' this month.
I suspect we've come under some Opes Prime selling pressure recently, fingers crossed for re-rating off Galoc flows this month
Italy looking interesting.
Argentina news imminent................... apparently.

 

[Wysiwyg]

Still here fellow Ottomen,

Another nice write up in 'Resource Stocks' this month.
I suspect we've come under some Opes Prime selling pressure recently, fingers crossed for re-rating off Galoc flows this month
Italy looking interesting.
Argentina news imminent................... apparently.

Yeah great outlook and my favourite but do you know why that it is consistently sold down/blocked whenever it tries to move.Some really, what i call dumb sells in this stock and not opes related.

 

[jtb]

Yeah great outlook and my favourite but do you know why that it is consistently sold down/blocked whenever it tries to move.Some really, what i call dumb sells in this stock and not opes related.

Its got me F&cked too whatyousee, its almost as though we have some OEL dedicated, masochistic daytraders that buy one day and sell at a loss the next

I'm hoping they go broke shortly.

I haven't had anytime for research for the last few months but in the past it has appeared to me that its usually stock coming out of escrow etc?
ANZ nominees had a few too unfortunately.

Can't go on much longer surely

 

[Tradert]

OEL - Otto Energy Limited

Hope she can break and hold above 0.34, there is a mini break at the moment with increasing volume. All good signs.

Tight stops below the 200dma.

 

[jtb]

Re: OEL - Otto Energy Limited

Hope she can break and hold above 0.34, there is a mini break at the moment with increasing volume. All good signs

Morning fellow Ottomen,

Woo hoo, got a day off and can watch the markets

Gee we're certainly having some success on the gas front recently hey?

Another 40M of pay:

http://aspect.comsec.com.au/asxdata/20080418/pdf/00833594.pdf

Looking at the value being attributed to CVN's 2P oil reserves I wonder when we're going to start seeing some comparable reflection on ours

Hopefully we'll finally blast through 40c soonish..............

 

[nick2fish]

Thanks guys ... lucked onto this thread did the research and got in at 0.30. The thing I like the most about OEL is that there should be a steady flow of positive company announcements arriving over the next 12 months. For small caps silence is deadly. Cheers

 

[jtb]

Re: OEL - Ottoman Energy

Good to see interest continuing to build fellow Ottomen

Argentina permits must be due soon.........................surely

Give those INP'ers something to really think about.

Night all

Evening fellow Ottomen,

Long awaited grant for Santa Rosa is finally formalised -better late than never

Awesome news imo we'll see if theres some love returning this week hey

http://www.oromin.com/download/May_2_2008.pdf

 

[habs]

Ahh this is fantastic news, cant wait for a bit of drilling to commence, we've been waiting for this for ages now, hope it yeilds some results!

 

[jtb]

Evening gents,

I make todays close an all time high

Nice.

The reaction to NDO's ann' today certainly confirms my belief in the value of the Phillipines permits (twice our present market cap')

Wys, did you notice the big cross trader seems to have disappeared

Santa Rosa before Xmas will make my year.

Go Otto

 

[jtb]

Afternoon fellow Ottomen,

Well she's certainly at her all time high now, stoked

More Phillipines acreage granted today also- just gets better and better.

Just waiting for the NDO fan club to stumble across Marantao now

http://aspect.comsec.com.au/asxdata/20080508/pdf/00840478.pdf

 

[habs]

Great news!!! awsome to see otto hopefully firmly established in the 40's now... a bit under rated this stock, same with ndo... not that much attention in the media...(until ndos crazy announcment!)

wild speculation here... imagine a merger of the 2, the tenements join together and both on a somewhat similar path, and both will be cashed up a big from galoc.

 

[benwex]

OK people OEL is in a trading halt till friday...

Does anyone know of any news coming out around this time??

Has anyone spoken with the management recently??

benwex

 

[habs]

heya benwex

if you read the notice it says it has something to do with capital raising...now, given galoc is all but 2 weeks away from first oil and the recent gas discoverys providing revenue later this year in turkey, then the only thing i can think of is possibly something to do with the new argentina santa rosa basin, or the philipines tenements.

 

[benwex]

heya benwex

if you read the notice it says it has something to do with capital raising...now, given galoc is all but 2 weeks away from first oil and the recent gas discoverys profiding revenue later this year in turkey, then the only thing i can think of is possibly something to do with the new argentina santa rosa basin, or the philipines tenements.

sorry i just looked at the announcement again!!

Capital raising, I tell you Mr Parks is so bloody predictable. Any good news and share price rally and they hit the market up for more money....

Lets hope they are not going to be looking for a large sum.

benwex

 

[dogwithflees1983]

well the market seems to be reacting postively to the news...currently bid in at 50c, and others at 47.5c

Mr Parks is a gun !

 

[benwex]

Spoke with Alex Parks, the money raised is to cover site survey in Argentina and working capital to buffer any delays as Galoc comes online....

39 cent placement to sophisticated investors and current large institutional shareholders..$15m in total for working capital....

benwex

 

[dogwithflees1983]

Otto seems to have taken a hit in line with the rest of the mkt over the past few weeks. Could be a great time to top sub 40c's.

Euroz Investor Presentation In March 08, makes for some very interesting reading.

http://www.ottoenergy.com/investorCentre/displayArticle.php?articleID=464

 

[Junior]

Can anyone shed some light on the recent drop in SP? It seems to me that there's a constant flow of positive announcements, not to mention impending first oil from Galoc and a booming oil price. Maybe recent capital raisings have put a lid on the SP? Any other thoughts?

 

[jtb]

Can anyone shed some light on the recent drop in SP? It seems to me that there's a constant flow of positive announcements, not to mention impending first oil from Galoc and a booming oil price. Maybe recent capital raisings have put a lid on the SP? Any other thoughts?

Morning Ottomen,

Junior, I imagine you've hit the nail on the head re: the cap' raising at 39c.
Not often that a stock doesn't drift down to match the value of a raising- particularly in grim markets like these.
As you say- positive news in all directions and six months to Santa Rosa

http://aspect.comsec.com.au/asxdata/20080710/pdf/00859019.pdf

 

[Captain Haddock]

Galoc oil in a few weeks...

Hope the reaction is favourable. It seems they want to use Galoc as a cash cow to fund the other promising opportunities in Argentina, Turkey and Italy.

It's all coming together nicely, just topped up some more today. Fingers crossed!