OEL - (Otto) Multi based, Gambling Stock.

[shasta]

Oh dear! Just read the last quarterly which stated Calauit would start later this year. Now 6 weeks later its slipped out to 2010? And this market sensitive 'event' has been 'released' via the media? Surely the ASX will have something to say about this?
I also notice 16m shares will come out of escrow next week. Are these from the 30c placement Shasta? I thought they were escrowed for 12 months? All abit smelly and confusing to me.

Misc

Misc

The ASX couldn't organise a p*** up in a brewery.

A 12 month "delay" in Calauit is a surprise to me & the market should have been advised.

Part of the shares issued for the Galoc aquistion were to be held in escrow "voluntarily", although the shares you mentioned aren't & relate to...

http://www.ottoenergy.com/media/ASX1...20Register.pdf

I doubt whether these shares would be "up for sale" just yet.

[shasta]

Misc

The ASX couldn't organise a p*** up in a brewery.

A 12 month "delay" in Calauit is a surprise to me & the market should have been advised.

Part of the shares issued for the Galoc aquistion were to be held in escrow "voluntarily", although the shares you mentioned aren't & relate to...

http://www.ottoenergy.com/media/ASX1...20Register.pdf

I doubt whether these shares would be "up for sale" just yet.

http://sa.iguana2.com/cache/c0ac968e...NDO-399779.pdf

This ann surprised me a bit, Nido (NDO) have appointed Trafigura to market & sell there share of the Galoc oil.

No mention of Otto Energy (OEL).

I wonder if "GPC" (Galoc Production Company) has already done this, or is in the process of?

[shasta]

http://sa.iguana2.com/cache/c0ac968e...NDO-399779.pdf

This ann surprised me a bit, Nido (NDO) have appointed Trafigura to market & sell there share of the Galoc oil.

No mention of Otto Energy (OEL).

I wonder if "GPC" (Galoc Production Company) has already done this, or is in the process of?

http://sa.iguana2.com/cache/1daede35...NDO-399786.pdf

Weekly Galoc update - these will cease now & only material events will be announced.

We must be getting very close to first oil

[tricha]

http://www.ottoenergy.com/media/Otto%20Energy%20Investor%20Presentation-%20Euroz%20Conference%20March%202008.pdf

[shasta]

http://www.ottoenergy.com/media/Otto%20Energy%20Investor%20Presentation-%20Euroz%20Conference%20March%202008.pdf

Thank Tricha

Otto's goals...

"Grow to a multi $billion market cap & be recognised as an independent oil company..."

NICE

[Wysiwyg]

Yeah thanks for that report tricha.Looks like OEL are warming to the task.Gets one dreaming with the prospects on paper but expectations and reality meet somewhere eventually.There was one line in that report that really stood out for me and that was "retaining meaningful project equity interests".

Plus 3000 barrels of crude oil per day is a nice interest first up.
Pity investor confidence is slipping away (this is when the smarties buy in ) maybe.

[shasta]

Yeah thanks for that report tricha.Looks like OEL are warming to the task.Gets one dreaming with the prospects on paper but expectations and reality meet somewhere eventually.There was one line in that report that really stood out for me and that was "retaining meaningful project equity interests".

Plus 3000 barrels of crude oil per day is a nice interest first up.
Pity investor confidence is slipping away (this is when the smarties buy in ) maybe.

Galoc update courtesy of NDO

http://stocknessmonster.com/news-ite...E=ASX&N=400295

Not far away from the black gold now...

[tricha]

Galoc update courtesy of NDO

http://stocknessmonster.com/news-ite...E=ASX&N=400295

Not far away from the black gold now...

Shes a weird market Shasta, toppd up some more today on Otto's weakness, the market has a short memory on Otto.
topped up on ARQ yesterday and NXS last week.
Used ADY's proceeds to do it, I hope it comes good for u Shasta, but at 60% of your holdings, immm.
But they do have billions worth of Lithium etc, u never know.

Cheers Tricha

[shasta]

Shes a weird market Shasta, toppd up some more today on Otto's weakness, the market has a short memory on Otto.
topped up on ARQ yesterday and NXS last week.
Used ADY's proceeds to do it, I hope it comes good for u Shasta, but at 60% of your holdings, immm.
But they do have billions worth of Lithium etc, u never know.

Cheers Tricha

I should be adding more oilers to the stable, i know.

Except i'm looking at alternatives like LNC, ESI & CLQ ...

Am still looking at NWE, STX, PSA, AMU (all previously held) + BOW, NXS & MOS.

OEL is only 20% of total funds, so am light in oilers...

[shasta]

I should be adding more oilers to the stable, i know.

Except i'm looking at alternatives like LNC, ESI & CLQ ...

Am still looking at NWE, STX, PSA, AMU (all previously held) + BOW, NXS & MOS.

OEL is only 20% of total funds, so am light in oilers...

OEL spuds the first of 5 wells in Turkey...

http://stocknessmonster.com/news-ite...E=ASX&N=400318