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  1. #41
    Legend shasta's Avatar
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    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!

  2. #42
    Legend shasta's Avatar
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    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

  3. #43
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    Quote Originally Posted by shasta View Post
    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
    Hmm Shasta, I prefer this write up the title page of the thread. Very interesting little company we have here.

    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.

  4. #44
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    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



    =====
    Disclaimer: yogi makes no claim to be a licenced investment advisor.

    Always consult your licenced advisor or other financial professional expert.

  5. #45
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    Quote Originally Posted by yogi-in-oz View Post


    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



    =====
    You`re funny paul, but interesing assumptions nevertheless.Your assumptions leave you wide open to criticism but your obscurity makes up for that.Clever.

  6. #46
    Legend shasta's Avatar
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    Quote Originally Posted by Wysiwyg View Post
    You`re funny paul, but interesing assumptions nevertheless.Your assumptions leave you wide open to criticism but your obscurity makes up for that.Clever.
    Having been stopped out of PSA & AMU over the last 3 days, i decided to top up on my favourite oiler...

    35c is pretty cheap when we are getting NDO's Galoc drill updates & we know over 4mmbo of the Galoc oil field is all ours!

    Galoc is bigger than NZO's Tui oil field & thats not our biggest target by a long stretch...

  7. #47
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    Quote Originally Posted by shasta View Post
    Having been stopped out of PSA & AMU over the last 3 days, i decided to top up on my favourite oiler...

    35c is pretty cheap when we are getting NDO's Galoc drill updates & we know over 4mmbo of the Galoc oil field is all ours!

    Galoc is bigger than NZO's Tui oil field & thats not our biggest target by a long stretch...

    Yes, you would see the obvious accumulation/not yet phase that some stock go through before they run.Like an indeterminable (time wise) pause before running.

  8. #48
    Legend shasta's Avatar
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    Quote Originally Posted by Wysiwyg View Post
    Yes, you would see the obvious accumulation/not yet phase that some stock go through before they run.Like an indeterminable (time wise) pause before running.
    Nice ann re the 50% acquistion/farm-in from Ascent Resources for 2 Italian permits in Po Valley (onshore).

    Costs of the deal:

    1. Minimum contribution to achieve 50% is around $A10m in total.

    2. $A3.65m to pay for the sesmic data.

    3. By paying 100% costs of the first drill approx $A6m (Gazzata-1) to be drilled in Septmeber 08.

    4. Reimburse potential farm in partner Deltana's costs in the permit $A400k

    5. On a commercial discovery on the first drill, Otto will fund 100% the costs of drilling of a 2nd well.

    6. Deltana has an option to back in a 15% working interest from Otto up to 31 March, on a pro rata basis re costs.(They had an option for 50% with Ascent Resources before this deal)

    What i like about the deal...

    - The price of gas in Italy is around $US10/Mscf (much higher than Australia), meaning discoveries of just 5Bscf are commercial.

    - The deal is funded from exisiting & expected cashflows (as Galoc will be in oil production in April)

    - The permits are close to existing oil & gas producing fields & with good facilities/infrastructure nearby, (Gas pipes, roading etc)

    - Otto are shrewd operators, & by using AVO analysis they have a 100% strike rate in Turkey, the same style analysis used in reviewing the sesmic data for Po Valley.

    - There JV partner Ascent Resources has multiple O&G projects across Europe, including Italy.

    Once brokers & institutions read this ann & revise valuations we should see a SP north of 40c.

    Once again another NO BRAINER, Otto is the real deal

  9. #49
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    Shasta - "Once brokers & institutions read this ann & revise valuations we should see a SP north of 40c.

    Once again another NO BRAINER, Otto is the real deal "


    A very good reports u have put out here on Otto, Shasta. I have been buying more at these very good prices.


  10. #50
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    Brief mention of Otto in The Australian
    http://www.theaustralian.news.com.au...-18261,00.html

    "Now Otto Energy has added Italy to its international portfolio of Argentina, Turkey and the Philippines. It has picked up the 50 per cent of gas projects in northern Italy from Deltana Energy, whose $16 million IPO fell over. Gas in that part of the world attracts very high prices and the key to the deal was Jaap Poll, who was to have been chairman at Deltana but also sits on the board at Otto. When Deltana faltered, he suggested Otto take on the projects and then stood clear of deliberations to avoid any conflict of interest."

    Anybody able to fill in the blanks regarding failed Deltana IPO?
    ADB

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