OEL - (Otto) Multi based, Gambling Stock.

[tricha]

Shrewd one, for your investment type profile I would agree LMP is the right trade

OEL is different animal and is on a slow roll UP !

oiler

Slow roll up, but come back this time next month and say that.

[shasta]

Slow roll up, but come back this time next month and say that.

Buyers slowly taking over as OEL starts its upwards climb.

This could fly fairly quickly, if the sell side keeps withdrawing bids.

Its been range bound at 30-34c for a while now, & with a nice white candle we are now above the 30 day MA

Breakout time folks

[tricha]

Buyers slowly taking over as OEL starts its upwards climb.

This could fly fairly quickly, if the sell side keeps withdrawing bids.

Its been range bound at 30-34c for a while now, & with a nice white candle we are now above the 30 day MA

Breakout time folks

Spot on Shasta a big hunk of sellers wiped out today.

The Galoc 4 test results were tremendous, exceeded our wildest expectations.



This completes the drilling and appraisal phase of Galoc. Installation of the production and FPSO is about to commence. Nido is eagerly awaiting first oil in April.

Best wishes David Whitby, 28 February 2008

P.S - todays news from Nido.

Sounds bad, but whats a week or two going to do, the way the oil price is
going
http://www.stocknessmonster.com/news...E=ASX&N=403025

[AMR]

Technically it is nudging past the resistance so today would be a breakout day. What sort of PE will OEL be on once Galoc and the Turkey wells enter full production? I'm more comfortable buying into cashflow rich companies such as PSA and NZO - explorers, less so. What's the "worst case" pricing?

Edit : Also, what is "risked NPV"?

[tricha]

AMR - "Technically it is nudging past the resistance so today would be a breakout day. What sort of PE will OEL be on once Galoc and the Turkey wells enter full production? I'm more comfortable buying into cashflow rich companies such as PSA and NZO - explorers, less so. What's the "worst case" pricing?"

I would not have a clue in the world AMR "Blue sky material" but I'm sure Stockanalysis will re-rate upwards, on the two holes drilled in Turkey.

Borrowed of HotCu Shasta, our patience should be rewarded.

permission from StockAnalysis to post the following from this weeks newsletter.

[shasta]

AMR - "Technically it is nudging past the resistance so today would be a breakout day. What sort of PE will OEL be on once Galoc and the Turkey wells enter full production? I'm more comfortable buying into cashflow rich companies such as PSA and NZO - explorers, less so. What's the "worst case" pricing?"

I would not have a clue in the world AMR "Blue sky material" but I'm sure Stockanalysis will re-rate upwards, on the two holes drilled in Turkey.

OEL holding its recent gains, & seems ready to re-test 40c.

Some nice volume of late, & with the Brent Oil price around $US114 things are looking good for May!

Remember the Galoc oil is to be sold at a slight discount to the Brent price.

[tricha]

Hmm, slow ramp up Shasta, not long now.


Borrowed off HotCopper - Author SandyBeaches.

in SC55 "Hawkeye Prospect"

valuation "NPV/share 95cents, Risked NVP/share 18cents.

when Alex returns from honeymoon next week shall follow up and get some more details..


as usual people DYOR

[Tok3n]

A director just offloaded 200,000 shares...nice formatting of the notice though

But these guys do look like they have interested assets.

[tricha]

A director just offloaded 200,000 shares...nice formatting of the notice though

But these guys do look like they have interested assets.

Always a worry Tok3n, when a director sells, but in this case only a few.

ASX / Media Announcement
28th April 2008

Otto spuds Third of 5 wells in gas drilling campaign in Turkey

Australian based oil & gas company Otto Energy (ASX: OEL) is pleased to
announce the spudding of the third shallow gas well in 2008 of the Edirne gas
project in Western Turkey. It is expected that the well will reach its planned
total depth of around 400m early next week, when a further announcement will
be made.

Highlights:

•

Ortakci-1 is the third of five wells planned. The drilling campaign
targets a total of 10 – 20 bcf of recoverable gas from shallow
reservoirs in the Thrace Basin, onshore Turkey.

•

The Ortakci prospect lies about 8 km west of the five gas
discoveries made by the Joint venture to date in the Edirne Licence
and is also covered by 3D seismic.

Yours faithfully

Jaap Poll for Alex Parks
For further information please contact:

Dr Jaap Poll / Director Jill Thomas
Otto Energy Professional Public Relations
Ph: +61 8 9226 0001 Ph: +61 8 9388 0944

info@ottoenergy.com jthomas@pprwa.com.au

[STRAT]

Hi Tricha,
Another great ann all but ignored by the market place today.