OEL 4.44% 4.3¢ otto energy limited

There's a lot to like here as this quarterly is coming to the...

  1. 3,252 Posts.
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    There's a lot to like here as this quarterly is coming to the end and should be a lot more news than the current three month that past. Capital raise price is starting to fade away after 6 months, this could be the start of a strong climb. Could Otto share holder be steps closer to Dividends. I believe we on the arisen of at least a new high. IMO.

    Soon to have 4 operational wells, the upgrade to the SM71 has the capabilities to produce 5000bpd, currently pumping 3200bpd this upgrade could put this platform at full capacity. IMO SM71 has 37 years operational life I don't know if the upgrade cut that a little shorter.

    Otto definition
    Wealth

    The meaning of the name Otto is Wealth. The origin of the name Otto is German. This is the culture in which the name originated, or in the case of a word, the language. Otto Preminger, director/actor



    THREE-MONTH OUTLOOK

    • Otto expects to continue to receive cash flows from the sale of steady state production from its 50% owned SM 71 oil field in the Gulf of Mexico

    • Texas, Gulf Coast: Lightning to continue liquids-rich gas and condensate production and maiden reserves estimates expected during August 2019

    • Texas, Gulf Coast: Mustang initial production testing results with production and sales to commence assuming successful testing

    • Offshore Gulf of Mexico: GC 21 "Bulleit" appraisal exploration well to drill and evaluate deep MP sands target.

    • Beluga onshore exploration well with Hilcorp Energy expected to commence drilling

    https://hotcopper.com.au/data/attachments/1730/1730865-145c980fdd9a7a42a4b205603ab94873.jpg

    Last edited by crabbe21: 19/09/19
 
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