GDM - tell me about it :(Quote:
Originally Posted by tricha
Cairns Hill anybody? :mad:
40c would be nice, but im holding for now
OEL - (Otto) Multi based, Gambling Stock.
Printable View
-
29-10-2007, 09:56 PMshasta
-
29-10-2007, 11:24 PMWysiwyg
Only one part of the comprehensive report by Euroz (my thanks to the contributor tricha) i find misleading and that is this referring to Cuyana Basin in Argentina
There is enthusism but to suggest a billion barrels is dumb.http://www.clicksmilies.com/s1106/te...smiley-037.gifQuote:
A discovery of 1 billion barrels would translate to multiples of OEL’s current share price.
-
30-10-2007, 07:33 AMshastaAgree, its getting a bit ahead of themselves....Quote:
Originally Posted by Wysiwyg
Lets talk it up as say a 50mmbo potential with upside?
The market would like a surprise if they could shore up a 100mmbo+ reserve. -
30-10-2007, 05:20 PMead83
I don't think we'll see OEL at 30c again for a while, unless there is a large correction on the ASX. Did a bit of number crunching, and even after dilution there is great upside.
It's best to think of this acquisition as a hedge against even further dilution later on down the line. Calauit seems to keep getting pushed back, so it was in the company's best interest to secure a piece of a large producing asset which they've done in fine style. :) -
30-10-2007, 06:57 PMshastaNice quarterly, yet again highlighting the new acquistion...;)Quote:
Originally Posted by ead83
Highlights:
5 drill program in Turkey in Dec for potential 30+BCF Gas targets (OEL35%)
Galoc Oil field (Phillipines) OEL share = Net 4.2mmbo, or 3300bopd (min $A300k per day!)
Cash at end of quarter - $11.2m
Next Quarter Expenditure - $4.5m
Would like to think we won't see 30c again, but am not so sure...
Bring on the Argentine Monster i say :eek: -
30-10-2007, 08:41 PMscorp57
shasta and friends-
i was impressed with the quarterly and only noticed this company due to this thread. want to jump in with a significant trade of my ZFX holding into OEL, however, just wanted some general opinions and thoughts.
should i wait a little for dilution? or will the phillipines data etc send this one thru the roof.
any ideas? -
30-10-2007, 09:33 PMshastaLike the rest of us, grab your lotto ticket & await the results!Quote:
Originally Posted by scorp57
Turkey has some small but meaningful gas revenue on the horizon
Phillipines has the new oil field online Apr & some elephants in the deeper waters waiting for a major to farm in for...
Argentina has a monster target lurking & we should find out if we have the 41% of it & permission to drill during Decemeber (for drilling 2008).
OEL may well drift between 30 & 40c for a while yet, who knows? -
30-10-2007, 09:40 PMronthepomMy advice is--Holdem! re. Argentina.Quote:
Originally Posted by shasta
-
31-10-2007, 12:06 PMead83Quote:
Originally Posted by shasta
If we do see 30c, i'll be buying plenty more. I got in at an average just under 20c, and the fundamentals just keep improving. In my books, dilution to acquire an asset that will be producing in 6 months and paid back in around 18 months looks like good business for a emerging oiler. OEL is HEAVILY leveraged to success even after dilution, and once Galoc is up and pumping will provide a strong base to grow from.
I remember reading somewhere that OEL are exposed to around 11 drills in the coming 12 months. I can almost guarantee you that we won't be sitting in the 30-40c region once Galoc starts to pump, Argentina is drilled, farmdowns occur & when Calauit starts to progress. As you can probably tell i'm very bullish on OEL's prospects for the next couple of years, all that is needed is some patience :P -
31-10-2007, 06:29 PMshastaTotally agree, OEL is about positioning oneself for the 2008 drilling campaign.Quote:
Originally Posted by ead83
BOW & TEX should provide short term spikes in the meantime.
I think the Euroz broker report is a tad disappointing having made no real effort to value (even on an unrisked/risked basis) the Argentinian permit & the deep water Phillipines acreage.
I believe they have vastly undervalued the "potential" OEL has...
I calculate the "Intrinsic Value" well above there upper valuation, even applying a large discount rate to account for risk.
OEL is on accummulate for me:D -
05-11-2007, 08:43 PMshasta
Courtesy of Jongo (HC)
Announcement out ...
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.
OEL is in this JV - so tomorrow may be a good one! -
09-11-2007, 06:42 PMshasta
Nice write up by Wise-Owl on OEL - with a 12 month target of $0.68.
A suggested stop loss of 20c????
Can we break the 40c resistence levels they refer to, yup just a matter of time...
OEL - one to watch in 2008 as it becomes a producer of Oil & Gas -
12-11-2007, 12:34 AMtrichaHmm Shasta, I prefer this write up the title page of the thread. Very interesting little company we have here.Quote:
Originally Posted by shasta
FINALLY
Quote from RM Capital’s research note
“Otto is currently trading at an 84% discount to our base case valuation
of A$1.75 per share..... We consider Otto represents a compelling near
term investment”
Thank you.
Please visit us at our booth at the conference or website at
www.ottoenergy.com
for more information. -
13-11-2007, 03:16 AMyogi-in-oz
:)
Hi folks,
OEL ... as requested, here's some astroanalysis for
the next couple of months:
15-16112007 ... minor, but positive ... 2 cycles here and may be strong,
until around 23112007
27112007 ... positive news expected here
30112007 ... negative aspect ... finance-related???
14-17122007 ... 2 cycles here ... may be significant news.
27122007 ... minor and positive ... finances???
04012008 ... significant and positive news expected here
14012008 ... positive spotlight on OEL ... :)
18-21012008 ... minor cycle
25-31012008 ... minor news ... 2 cycles here ... may trigger
a negative response.
12-14022008 ... 3 cycles ... should be strongest period in February 2008.
14022008 and 2803-01042008 ... should also be the strongest days in March 2008.
happy days
paul
:)
===== -
13-11-2007, 07:27 AMWysiwygYou`re funny paul, but interesing assumptions nevertheless.Your assumptions leave you wide open to criticism but your obscurity makes up for that.Clever.:)Quote:
Originally Posted by yogi-in-oz