OEL - Otto Energy

[havingfun]

Had this one for a while now forgot all about it. Very promising tenements in the Philippines ,in trading halt at present.Have been waiting for an off-shore drill rig for nearly a year[hopefullythat is what this is about] Independent report values stock at between 35c and $1.17 [based on oil at $45 a barrel US.
If they get their rig it should be a good buy...
Had a chance to take more in fully funded capital raise last month but didnt.
See what happens...so keep a watch on it....especially in the current oil climate
Ive had these over a year so do your own research.....

 

[havingfun]

Re: OEL - Ottoman Energy

Rig secured but not till late 2007 .....forget them....for a while anyway

 

[havingfun]

Re: OEL - Ottoman Energy

2 completely out of the blue days,up 25% and 10 times usual vol.
Option went up over 200%??????? Does anyone know anything?

 

[jtb]

Re: OEL - Ottoman Energy

Anybody else in OEL ?
Excellent deal with incremental this morning - 15 mil cash now backing 20 odd mill market cap and lots of big stuff coming this year.

One of Stockanalsiss favourites

DYOR

 

[TheAbyss]

Re: OEL - Ottoman Energy

Great close. 3 million shares sold today and there are only 380k shares left on the sell side with buyers stacked up waiting for more than a million units.

Anyone have any thoughts on how far this might run on the drilling results today?

 

[surfingman]

Re: OEL - Ottoman Energy

Great close. 3 million shares sold today and there are only 380k shares left on the sell side with buyers stacked up waiting for more than a million units.

Anyone have any thoughts on how far this might run on the drilling results today?

Adelphi went just over 1.00 with no drill results, with 2 main prospects being in Texas USA, they had a fairly large amount of funds.... Will be good to see it reach at least .30 without too many sales

 

[jtb]

Re: OEL - Ottoman Energy

Great close. 3 million shares sold today and there are only 380k shares left on the sell side with buyers stacked up waiting for more than a million units.

Anyone have any thoughts on how far this might run on the drilling results today?

Abyss,

Drilling results and flow tests for Turkey are already complete hence Incrementals cash injection this morning.The company expect to initially prove up somwhere around 20BcF from memory and flowrates have already come in @ 3 or 4 mmcfpd (can't remember if that was the first or both wells) .A gas company has already approached them Re: purchase and gas is worth around $8.50 USD per mcf in the region.

So even @ 3 mmcf thats around 10 million USD a year gross (OEL 35%)

This cash is to be put toward the main attraction which is their oil assets in the Phillipines (excellant tax regime unlike Indonesia) and Argentina. They already have proven recoverable reserves of around 6 million barrels (good oil too) with the recovery/drilling vessel being constructed as we speak.
Note: The company building this vessel also recently took an on-market strategic stake in Otto.
The income from this oil field will then be applied to their monster targets which are being mapped seismically at present.

They also have a 35% stake in a >100 million barrel target in Argentina (option to increase to 40 something %) that will be drilled within 6 months of approval being given (which is being assesed also at present).

Check out their website this all off the top of my head (and I'm on nightshift)

Rick Crabb is chairman (PDN etc)
Institutional support coming in now.
150mil shares

This stock gives me a horn

 

[jtb]

Re: OEL - Ottoman Energy

Forgot to mention that Rick excercised $300,000 worth of 20c options (that were out of the money) late last year instead of letting them expire.
I thought this was a big positive and have been accumulating every since.

Article re: the Turkey project today

http://www.minebox.com/story.asp?articleId=9133

 

[TheAbyss]

Re: OEL - Ottoman Energy

JTB - Thanks for the summary. Sounds great and whilst i dont have any tumesence i am feeling warm and fuzzy.

 

[jtb]

Re: OEL - Ottoman Energy

JTB - Thanks for the summary. Sounds great and whilst i dont have any tumesence i am feeling warm and fuzzy.

Give it time mate.

With all the T/O dribble that goes around on rubbish companies, this is the only thing I'm concerned about with OEL.
If I was someone like TAP for example I'd be having a serious think about it.

Anyway one more beer (maybe two) and I'm off to bed.

 

[jtb]

Re: OEL - Ottoman Energy

Becoming a substantial holder ann out this morning.
London based mob topping up last month with 600K @ 18.7c.
Now holding 8,500,000 shares.

Nice

 

[jtb]

Re: OEL - Ottoman Energy

Hello out there.........................

50% in two weeks and no chatter?
OELs share of Caluit production commencing 9 months worth $120 mil @ $30 a bbl!

 

[TheAbyss]

Re: OEL - Ottoman Energy

I am watching and quietly happy to have got in last week.

 

[surfingman]

Re: OEL - Ottoman Energy

6.5% today, but low volumes still very happy with the progress in SP

 

[surfingman]

Re: OEL - Ottoman Energy

finally some upside on the SP, 230 000 shares on sell and volume of 330 000 already today, up 9.8% today.

 

[jtb]

Re: OEL - Ottoman Energy

finally some upside on the SP, 230 000 shares on sell and volume of 330 000 already today, up 9.8% today.

She's not a uranium stock mate, can't expect 10% a day ad infinitum.

Its been interesting the last few days (it is up 30% since last week) as soon as a reasonable parcel was appearing (>100k shares) they have been snapped up by off screen buys- happened again already this morning (up to to 28c).

I gave up on waiting yesterday and grabbed another 60K @ 24.5 because the sell side is very very lean.

I wonder whats prompting the interest all of a sudden

 

[surfingman]

Re: OEL - Ottoman Energy

She's not a uranium stock mate, can't expect 10% a day ad infinitum.

I don't expect it 10% a day, but when it hits 9.8% this early in the day and sell is very limited i get a little excited.

 

[doctorj]

Re: OEL - Ottoman Energy

I wonder whats prompting the interest all of a sudden

This month's issue of Resource Stocks Magazine did a feature on a number of oil/gas juniors they believe have great prospects. Ottoman was one featured.

I'm surprised OEL holders were not sent a copy - I received a few copies from other companies featured this month.

 

[jtb]

Re: OEL - Ottoman Energy

This month's issue of Resource Stocks Magazine did a feature on a number of oil/gas juniors they believe have great prospects. Ottoman was one featured.

I'm surprised OEL holders were not sent a copy - I received a few copies from other companies featured this month.

Ahah.

My local only gets two copies and I was too slow this month.

Cheers for the reply

 

[cujo]

Re: OEL - Ottoman Energy

We were sent a copy doc.....2 mags actually.
Where they get the money...
Maybe just to the bigger shareholders...: