OEL - Otto Energy
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Re: OEL - Ottoman Energy
Did anyone read the research report recently released on their website? Massive target price.
Does anyone know why it's under a trading halt today?
Did anyone read the research report recently released on their website? Massive target price.
Does anyone know why it's under a trading halt today?
Re: OEL - Ottoman Energy
Yes I like the "presently trading 80% below our base valuation" bit
I'm assuming the TH is related to a farmin somewhere ?
Should be a beauty for the big oil targets.
If its a takeover ......................... this computer will be going through the window this time monday morning.
http://www.ottoenergy.com/investorCentre/reports.php.
Yes I like the "presently trading 80% below our base valuation" bit
I'm assuming the TH is related to a farmin somewhere ?
Should be a beauty for the big oil targets.
If its a takeover ......................... this computer will be going through the window this time monday morning.
http://www.ottoenergy.com/investorCentre/reports.php.
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Re: OEL - Ottoman Energy
Suspended from trading at the request of the company....
Merger? Takeover? Big discovery?
I'm being optimistic.
Suspended from trading at the request of the company....
Merger? Takeover? Big discovery?
I'm being optimistic.
Re: OEL - Ottoman Energy
Yes surely something other than a fund raising
I hope they hurry up coz I've just got home from work and need to go to bed
Yes surely something other than a fund raising
I hope they hurry up coz I've just got home from work and need to go to bed
Re: OEL - Ottoman Energy
Morning fellow Ottomen,
Turkey progressing well
Check out the thumper trucks in the sunflower fields.
Cool.
http://aspect.comsec.com.au/asxdata/20070822/pdf/00750897.pdf
Morning fellow Ottomen,
Turkey progressing well
Check out the thumper trucks in the sunflower fields.
Cool.
http://aspect.comsec.com.au/asxdata/20070822/pdf/00750897.pdf
Re: OEL - Ottoman Energy
Evening all, thought I better wave the flag just so I don't think I'm the only one on here
Good read, still accumulating - Argentina news soon
http://www.ottoenergy.com/investorCentre/displayArticle.php?articleID=368
Evening all, thought I better wave the flag just so I don't think I'm the only one on here
Good read, still accumulating - Argentina news soon
http://www.ottoenergy.com/investorCentre/displayArticle.php?articleID=368
Re: OEL - Ottoman Energy
You've got company now JTB - after plenty of Research, I'm in on this one as well...I like the look of the management, the future strategy of Otto and at present think it's undervalued if - as I think will be the case - Argentina comes to fruition.
You've got company now JTB - after plenty of Research, I'm in on this one as well...I like the look of the management, the future strategy of Otto and at present think it's undervalued if - as I think will be the case - Argentina comes to fruition.
Re: OEL - Ottoman Energy
Boy o boy, doesn't this recent interest in Nido highlight the value inherent in OEL's Phillipines permit
NDO
910,000,000 shares with current fund raising to raise $11million dollars
Seismic to be completed
50% SC 58
60% SC 54
50% SC 63
22% of 2P reserves 23.5 mmstb (5.17 mmbbls)
Commence production next year
Same fairway as OEL and chasing analogues of the giant Malampaya field (Shell).
OEL
210 million shares
12m cash and seismic already completed
99% SC 50
80% SC 51
85% SC55
99% 2P reserves of 5.9 mmbbls
Producing next year (not counting gas in Turkey)
This from todays ann' (from recent seismic program and analogous to Malampaya)
Table 1 - Prospective Resource Estimates of
Marantao Prospect made by Otto Energy
Low Case Base Case High Case Mean Case
Case 1
Assuming only Oil 320 MMbbls 1,058 MMbbls 2,682 MMbbls 1,323 MMbbls
Case 2
Assuming only Gas 721 bcf 2,339 bcf 5,605 bcf 2,828bcf
Case 3
Assuming large gas cap
over a 50m oil column
as in Malampaya.
468 bcf +
144MMbbls
1,508 bcf +
469 MMbbls
3,602 bcf +
1,118 MMbbls
1,812 bcf
+567 MMbbls
This form of volumetric assessment is classified as “Prospective Resources” by the Society of
Petroleum Engineers and World Petroleum Congress reserve definitions. Volumetric
estimates of Prospective resources or “potentially recoverable hydrocarbons” were calculated
for three case scenarios; oil only, gas only and a combination of oil and gas fill.
NDO market cap @ 28c - $ 255 million
OEL market cap @ 28c - $ 58 million
http://aspect.comsec.com.au/asxdata/20070921/pdf/00761393.pdf
Boy o boy, doesn't this recent interest in Nido highlight the value inherent in OEL's Phillipines permit
NDO
910,000,000 shares with current fund raising to raise $11million dollars
Seismic to be completed
50% SC 58
60% SC 54
50% SC 63
22% of 2P reserves 23.5 mmstb (5.17 mmbbls)
Commence production next year
Same fairway as OEL and chasing analogues of the giant Malampaya field (Shell).
OEL
210 million shares
12m cash and seismic already completed
99% SC 50
80% SC 51
85% SC55
99% 2P reserves of 5.9 mmbbls
Producing next year (not counting gas in Turkey)
This from todays ann' (from recent seismic program and analogous to Malampaya)
Table 1 - Prospective Resource Estimates of
Marantao Prospect made by Otto Energy
Low Case Base Case High Case Mean Case
Case 1
Assuming only Oil 320 MMbbls 1,058 MMbbls 2,682 MMbbls 1,323 MMbbls
Case 2
Assuming only Gas 721 bcf 2,339 bcf 5,605 bcf 2,828bcf
Case 3
Assuming large gas cap
over a 50m oil column
as in Malampaya.
468 bcf +
144MMbbls
1,508 bcf +
469 MMbbls
3,602 bcf +
1,118 MMbbls
1,812 bcf
+567 MMbbls
This form of volumetric assessment is classified as “Prospective Resources” by the Society of
Petroleum Engineers and World Petroleum Congress reserve definitions. Volumetric
estimates of Prospective resources or “potentially recoverable hydrocarbons” were calculated
for three case scenarios; oil only, gas only and a combination of oil and gas fill.
NDO market cap @ 28c - $ 255 million
OEL market cap @ 28c - $ 58 million
http://aspect.comsec.com.au/asxdata/20070921/pdf/00761393.pdf
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Re: OEL - Ottoman Energy
Thanks JTB
Have you ever looked at KIK?
It is a partner with NDO in the Phillipines and currently 21.5c.
I think its all time high is 28.5c.
cheers
Thanks JTB
Have you ever looked at KIK?
It is a partner with NDO in the Phillipines and currently 21.5c.
I think its all time high is 28.5c.
cheers
Re: OEL - Ottoman Energy
Hey Bud,
They were YGL weren't they?
Glanced at them some time ago but decided on OEL due to the high % of ownership. (YGL's MC was/is also)
Plus I like the near term prospect in Argentina on a risk/cost/reward basis,
and the near term cash flow from Turkey @ >$7 mcf US.
I also like the fact that OEL have already raised cash and done their seismic (and there share structure is still nice and tight <210 million) plus the fact that the Top 20 hold over 50%.
Have been buying OEL steadily for nearly 12 months now and fully expect them to be trading around the dollar region before next xmas.
To put that into context that will equate with CVN's MC at present.
Cheers
Hey Bud,
They were YGL weren't they?
Glanced at them some time ago but decided on OEL due to the high % of ownership. (YGL's MC was/is also)
Plus I like the near term prospect in Argentina on a risk/cost/reward basis,
and the near term cash flow from Turkey @ >$7 mcf US.
I also like the fact that OEL have already raised cash and done their seismic (and there share structure is still nice and tight <210 million) plus the fact that the Top 20 hold over 50%.
Have been buying OEL steadily for nearly 12 months now and fully expect them to be trading around the dollar region before next xmas.
To put that into context that will equate with CVN's MC at present
. Cheers
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Re: OEL - Ottoman Energy
It has gone into trading halt today. Any ideas what the news might be? Maybe related to Argentina.
It has gone into trading halt today. Any ideas what the news might be? Maybe related to Argentina.
Re: OEL - Ottoman Energy
G'day Gordon,
Should be Argentina related but could be anything?
Still got >5 mil in the bank.
If not santa rosa related I'm betting JV
http://aspect.comsec.com.au/asxdata/20071023/pdf/00772938.pdf
G'day Gordon,
Should be Argentina related but could be anything?
Still got >5 mil in the bank.
If not santa rosa related I'm betting JV
http://aspect.comsec.com.au/asxdata/20071023/pdf/00772938.pdf
Re: OEL - Ottoman Energy
Otto acquires an 18.28% interest in the Galoc Oil Field,
offshore Philippines
Highlights:
• Otto Energy has entered into agreements to acquire an 18.28% interest in
the Galoc Field offshore Philippines, via acquisition of a 31.38%
shareholding in Galoc Production Company WLL (GPC)
• GPC is operator and holds 58.29% equity in the Galoc Field
• Gaffney Cline, an independent reserves assessor, has certified gross 2P
reserves of 23.4 MMbbls for the Galoc Field
• The Galoc Field is currently under development with “first oil” anticipated
in April 20
I hold both OEL andf NDO, did not that see that coming....
good news for both
consolidation of Philippines explores.
Otto acquires an 18.28% interest in the Galoc Oil Field,
offshore Philippines
Highlights:
• Otto Energy has entered into agreements to acquire an 18.28% interest in
the Galoc Field offshore Philippines, via acquisition of a 31.38%
shareholding in Galoc Production Company WLL (GPC)
• GPC is operator and holds 58.29% equity in the Galoc Field
• Gaffney Cline, an independent reserves assessor, has certified gross 2P
reserves of 23.4 MMbbls for the Galoc Field
• The Galoc Field is currently under development with “first oil” anticipated
in April 20
I hold both OEL andf NDO, did not that see that coming....
good news for both
consolidation of Philippines explores.
Re: OEL - Ottoman Energy
Morning gents,
Astounding announcement this morning,
NDO is capitalised at 6 times Otto's value and they've (OEL) just bought the same % share in the GALOC field
Finally we'll see some catch up in cap' me thinks
Post issue OEL will be looking at $1.00 SP for a comparable cap' purely on the GALOC stake.
See previous post regarding valuations prior to this ann'.
Giddyup
Morning gents,
Astounding announcement this morning,
NDO is capitalised at 6 times Otto's value and they've (OEL) just bought the same % share in the GALOC field
Finally we'll see some catch up in cap' me thinks
Post issue OEL will be looking at $1.00 SP for a comparable cap' purely on the GALOC stake.
See previous post regarding valuations prior to this ann'.
Giddyup
Wysiwyg
Everyone wants money
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Re: OEL - Ottoman Energy
Hi jtb, the capital raising at 30 c will be available to the public do you think?You are right in comparison to NDO.OEL much more upside as the situation presently stands.
Morning gents,
Astounding announcement this morning,
NDO is capitalised at 6 times Otto's value and they've (OEL) just bought the same % share in the GALOC field
Finally we'll see some catch up in cap' me thinks
Post issue OEL will be looking at $1.00 SP for a comparable cap' purely on the GALOC stake.
See previous post regarding valuations prior to this ann'.
Giddyup
Hi jtb, the capital raising at 30 c will be available to the public do you think?You are right in comparison to NDO.OEL much more upside as the situation presently stands.
Re: OEL - Ottoman Energy
Hey whatyousee,
The last time we got to participate in a SPP was early last year (pre- AP taking the chair at OEL).
I think from the way that international investors have come on board since, I would imagine they may just place the lot?
The chinese mob that are building the production boat (for Caluit) had to buy their substantial stake on market and I think that many other institutions will see the enormous potential the SP offers at these levels.
I bought more today just in case and have averaged my buy price up to just over 30c.
If you look back in the thread you’ll see my comparison of OEL to NDO purely on Phillipines assets and after todays announcement the inherent value has swing even further to Otto imo.
If the market values NDO @ nearly $400 million on its Galoc stake and (Malampaya type) exploration potential then apples for apples that values OEL @ $1.00 per share after Otto issue another 200 million shares.
As OEL also has Caluit (which contains 2P reserves of the same magnitude again- and likely to double) due to come into production Q3 then we can probably stick another conservative 50c per share on there.
The gas resource/production from Turkey that was to fund their Argentine/Phillipines exploration will likely be sold off to Incremental now (imo) due to the income from Galoc? Off the top of my head this will probably bring in $10-20 mil.
This would then fund the entire program (>10 holes) on the monster Santa Rosa target (also see above).
Success here and we’re talking mega $
RM research’s valuation on OEL was $1.80 per share prior to todays ann,’ so my figures above are probably pretty conservative.
If we look at CVN back when they had <500 million shares and I thought they were good value from 8c - 20c on 4 million bbl 2P and upside.
They were valued then at more than OEL are now.
Today CVN have nearly 700million shares and Ted’s resource/exploration upside (underpinning valuations of 70c per share) was somewhere around 25mmbbls 2P (CVN share).
At 50c CVN have a market cap of $350 million. This has been driven from a couple of thousand barrels (nett) per day and exploration potential.
OEL will be receiving 3,000 bbl/per day nett from Galoc and Caluit is expected to come on @ 15,000 bbl/per day perhaps as soon as 3 months later.
OEL’s exploration upside is in the 100’s of million bbls in not only the Phillipines but again in Argentina.
At 40c OEL’s market cap is $80 million., post issue it will be 160 million.
When compared to CVN, we should be > 80c per share just on Galoc.
Is I said, bought more today just in case, but will participate in the SPP if it makes it down to us.
Hey whatyousee,
The last time we got to participate in a SPP was early last year (pre- AP taking the chair at OEL).
I think from the way that international investors have come on board since, I would imagine they may just place the lot?
The chinese mob that are building the production boat (for Caluit) had to buy their substantial stake on market and I think that many other institutions will see the enormous potential the SP offers at these levels.
I bought more today just in case and have averaged my buy price up to just over 30c.
If you look back in the thread you’ll see my comparison of OEL to NDO purely on Phillipines assets and after todays announcement the inherent value has swing even further to Otto imo.
If the market values NDO @ nearly $400 million on its Galoc stake and (Malampaya type) exploration potential then apples for apples that values OEL @ $1.00 per share after Otto issue another 200 million shares.
As OEL also has Caluit (which contains 2P reserves of the same magnitude again- and likely to double) due to come into production Q3 then we can probably stick another conservative 50c per share on there.
The gas resource/production from Turkey that was to fund their Argentine/Phillipines exploration will likely be sold off to Incremental now (imo) due to the income from Galoc? Off the top of my head this will probably bring in $10-20 mil.
This would then fund the entire program (>10 holes) on the monster Santa Rosa target (also see above).
Success here and we’re talking mega $
RM research’s valuation on OEL was $1.80 per share prior to todays ann,’ so my figures above are probably pretty conservative.
If we look at CVN back when they had <500 million shares and I thought they were good value from 8c - 20c on 4 million bbl 2P and upside.
They were valued then at more than OEL are now
.Today CVN have nearly 700million shares and Ted’s resource/exploration upside (underpinning valuations of 70c per share) was somewhere around 25mmbbls 2P (CVN share).
At 50c CVN have a market cap of $350 million. This has been driven from a couple of thousand barrels (nett) per day and exploration potential.
OEL will be receiving 3,000 bbl/per day nett from Galoc and Caluit is expected to come on @ 15,000 bbl/per day perhaps as soon as 3 months later.
OEL’s exploration upside is in the 100’s of million bbls in not only the Phillipines but again in Argentina.
At 40c OEL’s market cap is $80 million., post issue it will be 160 million.
When compared to CVN, we should be > 80c per share just on Galoc.
Is I said, bought more today just in case, but will participate in the SPP if it makes it down to us
.
