Australian (ASX) Stock Market Forum

OEL - Otto Energy

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Looking bullish for a falling market.....

ASCENT RESOURCES (AST.L) 8.50 +0.62 (+7.94%)

Interesting times ahead perhaps ? ;)

cheers :)
 
Well.... I will not tell you what I think.....

I think the wait was a crock...... :eek:

I'm in for St Rosa now.... far out.....

cheer all
 
Trader10,

Please do not just post price quotes/commentary. If people are interested they can get the quotes from their own broker.

Thanks

Prawn
 
It looks like Gazetta was dust, while Edirne has a significant gas deposit. Not a pretty day for OEL's price today. Can anyone comment on OEL's Galoc debt? I'm guessing with the price of oil and the sheer volume they're recovering, it must be getting paid off fast, if not gone already. :)

I'd love to read a summary of the Santa Rosa position if anybody knows it well...
 
Absolutely massive volume on Ascent Resources tonight

33,871,532 traded

and they have lost at (-46.59%) :eek:

can't put all the figures because apparently you can find your UK prices from the company from your broker....
 
So... did Alex Parks get fired or did he get a better offer somewhere else? Right before the drills start spinning in Santa Rosa - the "company maker" project. Kinda makes ya wanna go "Hmmmmmmmmm...."

Anyone have an opinion on the new guy?
 
I've sold all my stake on Otto this morning....

I need the money for another investment....

Good luck all


I will watch St Rosa closely and if it comes good I will be back in....

cheers
 
Otto has finally paid her debts, and is making good money from Galoc. $13 million in cash reserves will help with future aquisitions and expanding current prospects. I don't know for sure, but I think Alex was ditched in favour of a new CEO with plans for growth. The company has good foundations, it just needs to build on these to grow. It's all coming together IMHO. I think we'll see 20c by mid 2010...but just my :2twocents
 
Oel has a similiar or better prospect in comparison with Nido. But I do not understand why there is large gap between them. Maybe Oel will start to catch up with Nido soon . Hopefully adverse procedure will not happen.
 
SP behaving strangely. Much bigger volume, is returning for OEL almost 22,000,000 today. Lots of support early in the day end then faded away to finish the day with a small gain. Any idea's why?
 
copashark said:
SP behaving strangely. Much bigger volume, is returning for OEL almost 22,000,000 today. Lots of support early in the day end then faded away to finish the day with a small gain. Any idea's why?
Click to expand...

If a little bad news were not declared, Oel should be more stronger. I think it will be upward again until it catch up with the price of Ndo.
 
Santa Rosa has spudded!

"Oromin Explorations Ltd. (“Oromin”) through the Argentina subsidiary, Exploraciones Oromin S.A. (“Oromin”), commenced drilling its first well, OLE.MD.SRE X-2001 on the Santa Rosa Dome Prospect on July 15, 2009 at 5PM, Pacific Daylight Savings Time.

"It is anticipated that it will require less than 14 days to drill to the target depth of 1,300 metres. The Santa Rosa Prospect is a 200 to 300 square kilometre shallow dome structure located within an approximate 7,600 square kilometre concession located in the Cuyana Basin, Mendoza Province, Argentina.

"The interest holders of the Santa Rosa license are indirectly Oromin as to 67.52% and Australian Otto Energy Limited as to 32.48%. Oromin is the project operator."

See full release at: (can't post links yet) oromin.com/s/NewsReleases.asp?ReportID=356169
 
Angry that galoc is still not operating and sp remains between 7-8c. Atleast it hasnt fell below 6.5c. Even if galoc was operating would sp increase. For NDO it would.
 
landy said:
Santa Rosa has spudded!

"Oromin Explorations Ltd. (“Oromin”) through the Argentina subsidiary, Exploraciones Oromin S.A. (“Oromin”), commenced drilling its first well, OLE.MD.SRE X-2001 on the Santa Rosa Dome Prospect on July 15, 2009 at 5PM, Pacific Daylight Savings Time.

"It is anticipated that it will require less than 14 days to drill to the target depth of 1,300 metres. The Santa Rosa Prospect is a 200 to 300 square kilometre shallow dome structure located within an approximate 7,600 square kilometre concession located in the Cuyana Basin, Mendoza Province, Argentina.

"The interest holders of the Santa Rosa license are indirectly Oromin as to 67.52% and Australian Otto Energy Limited as to 32.48%. Oromin is the project operator."

See full release at: (can't post links yet) oromin.com/s/NewsReleases.asp?ReportID=356169
Click to expand...

So in regards to today's announcement, the well they drilled was dry and therefore need to drill somewhere else?
 
antzlovinit said:
So in regards to today's announcement, the well they drilled was dry and therefore need to drill somewhere else?
Click to expand...

They might or might not do further drilling. This well was known to be high risk given its long migration path. I am not aware they have any immediate secondary target in the area.
 
I dont hold, but looking at the SP its dirt cheap, at pretty much an all time low with pretty high volume.. Any opinions on when if ever the SP is going to turn around??
 

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