Australian (ASX) Stock Market Forum

OEL - Otto Energy

Jump to new
Re: OEL - Ottoman Energy

jtb said:
Is I said, bought more today just in case
Click to expand...

No I'm not a kiwi that was a blue:eek:

Been drawing this chart over and over for about 6 weeks now and was quietly confident that Turkey or Argentina news would prompt the breakout, but todays news came right out of blue imo.

With luck 39c is about to become support:rolleyes:
 

Attachments

  • oel.jpg
    oel.jpg
    97.9 KB · Views: 252
Re: OEL - Ottoman Energy

jtb said:
No I'm not a kiwi that was a blue:eek:

Been drawing this chart over and over for about 6 weeks now and was quietly confident that Turkey or Argentina news would prompt the breakout, but todays news came right out of blue imo.

With luck 39c is about to become support:rolleyes:
Click to expand...

Well i`m wondering if the cap. raising will be for present share holders or not.I mean 30c is a bargain if one can get them at this price. If not then no hurry in my view as the market indices are toppish again.My strategy was to buy 2000 shares (bare minimum) to see if a s.p.p. is applicable to share holders on a near date.Prolly institutions and sophisticates though.Happy to bide time.;)

p.s. am i imagining more lucrative stock opportunities lately!
 
Re: OEL - Ottoman Energy

Wysiwyg said:
Well i`m wondering if the cap. raising will be for present share holders or not.I mean 30c is a bargain if one can get them at this price. If not then no hurry in my view as the market indices are toppish again.My strategy was to buy 2000 shares (bare minimum) to see if a s.p.p. is applicable to share holders on a near date.Prolly institutions and sophisticates though.Happy to bide time.;)

p.s. am i imagining more lucrative stock opportunities lately!
Click to expand...

Pls PM me on those other stocks wysi, I've been a mega oil bull for about 5 years now:eek: and firmly believe we are only seeing the beginning.
OEL is outstanding value no matter how you look at it and oil is oil.
If oil dropped to $50 tomorrow, their still massively undervalued;)
 
Re: OEL - Ottoman Energy

The X factor for Otto and the reason why i invested in it a long time ago is Alex Parks.

He's a visionary and has assembled a stable of short/medium/long term projects at Otto.

I'm p*ssed that this "placement" is being done at 30 cents to "sophisticated" investors and short term it will be a drag factor but the company has a forward revenue stream idea now which will help Parks advance the other projects. I am hoping that the 67million dollars + Galoc oil will enable us to do this without additional placements.

On a positive note some of these Otto projects are absolute elephants - we're talking billion barrel stuff here.
 
Re: OEL - Ottoman Energy

I spoke with OEL yesterday and the capital raising is not avaliable to current shareholders....

AP mentioned they may have a placement later on as a sweetner to shareholders to offset this dilition which had to be fully underwritten and they needed to secure the total amount...

Shareholders are always getting strewed!
 
Re: OEL - Ottoman Energy

Have to agree Caliente, he's already walking the walk and the company is acting as if its already a major player.
I'm thinking Alex is leaning towards retaining a large interest in the phillipines blocks as opposed to farming out.

Bold, ballsy move either way and I like it.

Ben,

I'd imagine the 30c figure is low enough to whet the appetites of big players yet not cane us. Remember the SP had been suppressed at low 30's prior to the TH so 30c is good going imo.
Also Alex wouldn't want to frig around waiting for retail traders/mums and dads to gather their coins and apply for 200 shares.
Post issue, over 75% of the company will be held by major shareholders.

I don't get the impression Alex will be satisfied until we're a billion dollar company and I'm on for the ride;)
 
Re: OEL - Ottoman Energy

benwex said:
I spoke with OEL yesterday and the capital raising is not avaliable to current shareholders....
AP mentioned they may have a placement later on as a sweetner to shareholders to offset this dilition which had to be fully underwritten and they needed to secure the total amount...

Shareholders are always getting strewed!
Click to expand...

Thanks for the facts there Benwex.:)Looks promising nevertheless.Might try and haggle a good price now.
 
Re: OEL - Ottoman Energy

Recommendation in todays 'West Australian" too.

Euroz securities stated Galoc purchase as a 'company changing event' and have them as buy @ 40c with upside of 90c:).

No value for exploration potential
 
Re: OEL - Ottoman Energy

I'm still calling a move to 40c resistance looking at this?
Lot of effort going into keeping the price here still I reckon:confused:

Has anyone else seen Peter Strachn's value comparisons today????????? interesting in regard to comparisons with NDO and CVN?

He must read ASF:)
 

Attachments

  • oel.1.jpg
    oel.1.jpg
    96 KB · Views: 212
Otto will be joint operator of Galoc oilfield

""Otto will be joint operator of Galoc oilfield""

into the spotlight overnight..

"Street Talk"

strong possibilty Otto will have a greater interest in SC50 than previously thought.

yep the cashflow from Galoc Oilfield will put them in a good position, so they can retain a greater percentage of SC50. currently approx 6.6mmbls
 
Re: Otto will be joint operator of Galoc oilfield

sandybeachs said:
""Otto will be joint operator of Galoc oilfield""

into the spotlight overnight..

"Street Talk"

strong possibilty Otto will have a greater interest in SC50 than previously thought.

yep the cashflow from Galoc Oilfield will put them in a good position, so they can retain a greater percentage of SC50. currently approx 6.6mmbls
Click to expand...

Hi sandy beaches.........You would have to be one of the earliest joiners onto ASF.Since the site administrator Joe Blow joined on the 28 May 2004 and you shortly after.With only 37 posts too.;)
Just an observation.:)
 
Galoc Drilling Confirms Oil Column

update this morning. things going along extremely well..

seems as though the move by Otto taking an interest in Galoc Oilfield might beone of the best decisions made since listing.


Galoc Drilling Confirms Oil Column
Nido Petroleum Ltd (Nido) is pleased to announce the initial interpretation of the
Galoc pilot hole results.
The pilot hole programme was completed late on Saturday 3 November and
indicates an oil column at the pilot hole location. The reservoir top, the oil-water
contact and the indicated reservoir quality appear consistent with the
predevelopment studies and will be validated by further petrophysical work in the
coming days. Once this initial interpretation has been verified, the details will be the
subject of a separate announcement.
The pilot hole was designed to confirm potential reserves in the southern sector of
the field by evaluating the reservoir structure and quality in that area and to optimise
the location of the Galoc 3 production well. The pilot hole programme included
cutting core, logging, pressure measurements and sampling of reservoir fluids.
Deputy Managing Director, Joanne Williams, said “These early results are very
encouraging for the Joint Venture. The pilot hole results correspond well with the
pre-development subsurface modelling which reduces reservoir risk and increases
our level of confidence in the subsurface predictions.”
In accordance with the drilling programme, the pilot hole will be plugged back to the
13-3/8 inch casing shoe and sidetracked to drill the Galoc 4 horizontal production
well. While Galoc 4 is being drilled, full petrophysical analysis combining the log data
with the recovered core from the pilot hole will be used to fine-tune the placement of
the Galoc 3 production well.
 
Re: OEL - Ottoman Energy

Evening all,

Gee todays ann' was beauty imo, the projected income from the 'Galoc' field alone gives me shivers:eek:

Post cap raising MC still less than half of NDO / CVN:confused:

Well worth a read any prospective oil fans.

"At this point, the development timetable is on schedule. Drilling is underway and we are aiming to complete the testing and completion of the two development wells in late December 2007, in time for the Rubicon-Intrepid FPSO arriving in February with commissioning in March and being on full production in April 2008."

"Otto has conservatively estimated the expected proceeds to be around US$30 million during 2008. This is in line with Euroz’s research assumptions, and is based on an average oil price of only around US$60 per barrel. On current oil prices, Otto’s net revenue in 2008 could be as much as US$45 million from the Galoc proceeds alone.
In addition, the funds from the cash bonds will also be released during this period, giving us up to US$60 million in working capital.
We expect similar revenue in 2009 as production will be over four quarters instead of the three in 2008."
 

Attachments

  • OEL 7.11.07.pdf
    73.2 KB · Views: 27
Re: OEL - Ottoman Energy

that is a really interesting report, not without a few risks, but the upside is very tasty next year for this mob, especially around april. Thecash flow will give the company a massive boost towards further exploration!
 
Re: OEL - Ottoman Energy

habs said:
that is a really interesting report, not without a few risks, but the upside is very tasty next year for this mob, especially around april. Thecash flow will give the company a massive boost towards further exploration!
Click to expand...

I agree habs, I think we'll see some value come in the minute the purchase is formalised though (next month).

Check out the run up's of CVN and NDO for an idea.

I would say that once the layers of single 100K sells are cleared:cautious: we'll see at least parity on Galoc assets pretty quickly (60+ cents).

Cheers
 
Well I've just bought in at 31 cents.... I smell money in the making with this share - good long term hold. I would expect alot of resistance to prevent this downward sp falling below 30cents... see how it goes!;)
 
approx 90,000barrels of oil per month

seems like it's been flying under the radar here.

plenty of things have happened since last post like Galoc#3 &#4 being successful.

Otto's interest should be around 3,000bopd once extended production has been completed.

that would give them approx 90,000barrels of oil per month. (give or take a barrel)

current oil price over US$100bbl.

i'm sure you can do the sums ;))

compare market caps with Nido (NDO) $302mm & Carnarvon (CVN) $311mm

Otto's market cap approx $142mm

pretty simple ;))
 

Similar threads

ducati916
August DDD
2 3 4
Replies
75
Views
18K
ducati916
ducati916
TacoTed
VUX - Vital Energy Inc. (TSX.V)
Replies
17
Views
3K
TacoTed
TacoTed
prawn_86
BCC - Buccaneer Energy
16 17 18
Replies
341
Views
71K
zzaaxxss3401
Z
M
Natural gas and the Pickens energy plan
Replies
5
Views
5K
Tysonboss1
Tysonboss1
motion
Uranium in for correction, not a rout
Replies
0
Views
8K
motion
motion
Top