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  1. #1301
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    Quote Originally Posted by boysy View Post
    yep he certainly did, bring it on ....
    Cashflow at 10MMscf a day, and 280 bbl of condensate is not going to be a company maker, so the market has factored in not much.On the other hand, it does appear to be
    a decent size field so the revenue should be there for many years to come.
    Always looking for the" elephant in the room" but extremely hard to find.

    Maybe mustang might be it?

  2. #1302
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    First well of four i recon - payback period of ~12 months can't really beat that type of payback in this sort of market, incremental production increase is what we are after after all .....
    Time is a great teacher, but unfortunately it kills all its pupils

  3. #1303
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    Been BUying more 4.5c either going be a brilliant or stupid move will find out very soon TH anyday
    People don't have ideas, ideas have people

  4. #1304
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    JBmurc looks like a good result out today should run hard from here if further positives come through .....
    Time is a great teacher, but unfortunately it kills all its pupils

  5. #1305
    FEAR n GREED JBmurc's Avatar
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    Yeah stoked with ann. just what we needed 57mill in volume ... should trend higher from here
    People don't have ideas, ideas have people

  6. #1306
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    yes i think the market will take some time to realise how much oil they have found and what bank funding will enable OEL to achieve ......
    Time is a great teacher, but unfortunately it kills all its pupils

  7. #1307
    FEAR n GREED JBmurc's Avatar
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    Quote Originally Posted by boysy View Post
    yes i think the market will take some time to realise how much oil they have found and what bank funding will enable OEL to achieve ......
    yes might pick-up a few more tomorrow
    People don't have ideas, ideas have people

  8. #1308
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    Great link to the shareholder call by Deus on HC


    http://s000.tinyupload.com/download....28785227016144

    Sounds very promising all round this should be trading substantially higher in the next 6-8 weeks.
    Time is a great teacher, but unfortunately it kills all its pupils

  9. #1309
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    Quote Originally Posted by JBmurc View Post
    Been BUying more 4.5c either going be a brilliant or stupid move will find out very soon TH anyday
    Looks like a brilliant move to me. Once financing has been confirmed, and all the wells are online, the future cashflow looks spectacularly good. Only risk is the possibility of
    a recession and the oil price tanking, but I venture to say they could hedge the greater proportion of their production.
    Still looks cheap by any metrics or analysis of future projected cashflow.

  10. #1310
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    Yes those cashflows look particularly good going forward you have to wonder at what stage will this be reflected in the SP. Looking forward this is currently trading a < 2x PE assuming they hit their 5000 BOEPD target based on current prices.

    The Co is very different now to simply having three wells and one find in the GOM. This time next year we should have income from four different fields (3x SM 71 Wells, 2x Lightning wells, 1 or 2 from GC21 and Mustang with potential further finds from the Hilcorp drilling programme).

    I suspect if the large holder who wanted out has excited the supply on the sale side could dry up going forward and a bit of FOMO might start to creep into the SP.
    Time is a great teacher, but unfortunately it kills all its pupils

  11. #1311
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    Big volume today, seems someone wanted in and were willing to pay ...
    Time is a great teacher, but unfortunately it kills all its pupils

  12. #1312
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    Quote Originally Posted by boysy View Post
    Big volume today, seems someone wanted in and were willing to pay ...
    Yes, seems a bit strange considering there is no news from the Talitha well in Alaska. Definitely speeding ticket material- please explain blah.blah.blah.
    Insider trading. Never!

  13. #1313
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    Market ReleaseApr 8, 2021 OTTO ENERGY LIMITEDSecurity Code: OELPause in TradingTrading in the securities of the entity will be temporarily paused pending a further announcement.

    Well we will soon be enlightened

  14. #1314
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    Otto Energy Limited (ASX :OE L) (the Company) requests its securities are placed in a trading halt with immediate effect on 8April2021 pending a response to a Price and Volume Query received from ASX.

    Speeding ticket so it will be interesting to see what lame reason the company comes up with. Should take them until Monday to think up something
    that couldt be interpreted as credible.

  15. #1315
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    Quote Originally Posted by Rabbi View Post
    Otto Energy Limited (ASX :OE L) (the Company) requests its securities are placed in a trading halt with immediate effect on 8April2021 pending a response to a Price and Volume Query received from ASX.

    Speeding ticket so it will be interesting to see what lame reason the company comes up with. Should take them until Monday to think up something
    that couldt be interpreted as credible.
    Lets see what PANR release tonight, it looked like it was ready to run a fair bit further - only have to look at 88E to see what reddit craze can do when they have drilled what appears to be a very average well ....
    Time is a great teacher, but unfortunately it kills all its pupils

  16. #1316
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    Last release was Tuesday 06/04

    Jay Cheatham, CEO of Pantheon Resources, said:"Flow testing at Kuparuk to date is further encouraging news for Pantheon - a case of 'so far, so good'. Now that we have finally beguntesting, the weather won't have as severe an impact. We are flaring gas as the well cleans up and we would then expect oil to follow. As hasbeen well documented, we have had operational difficulties drilling the Kuparuk in this well, but future well design should ensure theseissues aren't repeated. However, we had to persevere; it was simply too good a target."If successful, the Kuparuk would be of enormous value to Pantheon considering its location adjoining the Trans Alaska Pipeline and DaltonHighway. Our pre-drill resource estimate for the Kuparuk horizon alone was 1.4 billion barrels of oil in place with 341 million barrels ofrecoverable oil. We will leave the wellbore in perfect condition to come back next winter and test the shallower four zones, all of whichencountered hydrocarbons.The next testing operation will not require any drilling and can be tested using a low cost work over rig.""Despite this encouraging news, as always I caution shareholders that we must wait for completion of testing before we can draw anydefinitive conclusions about the well. Until then, we remain cautiously optimistic."

    Alot of oil in place so we see how she flows.in one zone and flow test the rest next season..

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