OEL - (Otto) Multi based, Gambling Stock.

[soulman]

Thanks Gaz...well done to all of us. Looks like a strong close as I type.

[jdg]

Genius SM...well done!!

couldn't agree more!

-j

[trackers]

Very nice...

[Rabbi]

This rise is on news of reserves upgrade to Galoc field and the fact the Mooring system upgrade has been completed.

When BHP billiton secure a rig for SC55 Drill I see even more upside

OEL is now a Spec buy on big gas and condensate in this field.
Between confirmation of securing the rig and drilling expect some volatility.
Exploration plays don't come better than this.

[hal]

Well done Soulman. Great call.

This stock appears to have a lot going for it , not just a trade.

They have multiple targets in the Phillipines with production from Galoc and also the real bonus of BHP drilling a couple of wells for them this year hopefully.

They also now have an African future with the granting of the Tanzanian acreage.

[jdg]

i guess we have a couple of bits of news ahead, specifically Galoc reconnection and a rig for Cinco - the latter being particularly important.

but we have a real dark horse in SC69. i'd love to think that both Lampos targets have jumped off that 3D seismic. news of a successful farm in there would be gold. (likewise if BHP were to commit to the second well before drilling Cinco).

-j

[soulman]

Thanks fellows. Just part and parcel of seeing the market everyday. You can spot these accumulation and increasing volume where buyers overtake sellers consistently everyday.

Last time I check OEL does have around $38 mil in cash.

[jdg]

how about a little test of these predictive powers, soulman? where to from here do you think? i only do TA in the most basic way, but fundamentally i think consolidation around these levels, perhaps even a wee pullback, until we get news. what say you, mate?

-j

[soulman]

My prediction is if it can go 15.5 on Monday, then 17.5 could be MAX before a breather. 9 mil volume is significant to these accumulation.

But hey, I am no nostradamus. Also, I can only tell by watching and observe it daily.

[soulman]

Sellers coming in jdg. I am looking to offload a few at 13.5 for safe play.