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  1. #31
    Legend shasta's Avatar
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    Quote Originally Posted by tricha View Post
    Might make up for the disappointment of GDM Shasta. Yes we should see 40 cents tomorrow.

    http://www.ottomanenergy.com/media/E...Securities.pdf
    GDM - tell me about it

    Cairns Hill anybody? :mad:

    40c would be nice, but im holding for now

  2. #32
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    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

    A discovery of 1 billion barrels would translate to multiples of OEL’s current share price.
    There is enthusism but to suggest a billion barrels is dumb.
    Last edited by Wysiwyg; 29-10-2007 at 10:25 PM.

  3. #33
    Legend shasta's Avatar
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    Quote Originally Posted by Wysiwyg View Post
    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.
    Agree, its getting a bit ahead of themselves....

    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.

  4. #34
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    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.

  5. #35
    Legend shasta's Avatar
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    Quote Originally Posted by ead83 View Post
    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.
    Nice quarterly, yet again highlighting the new acquistion...

    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

  6. #36
    Senior Member scorp57's Avatar
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    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?
    HOLDING - URA URAOA HGO STX
    SOON TO BE HOLDING -MRU NGE ORD BOW VPE BUL CFE PEN FRS

  7. #37
    Legend shasta's Avatar
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    Quote Originally Posted by scorp57 View Post
    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?
    Like the rest of us, grab your lotto ticket & await the results!

    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?

  8. #38
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    Quote Originally Posted by shasta View Post
    Like the rest of us, grab your lotto ticket & await the results!

    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?
    My advice is--Holdem! re. Argentina.

  9. #39
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    Quote Originally Posted by shasta View Post
    Nice quarterly, yet again highlighting the new acquistion...

    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

    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

  10. #40
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    Quote Originally Posted by ead83 View Post
    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
    Totally agree, OEL is about positioning oneself for the 2008 drilling campaign.

    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

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