OEL - (Otto) Multi based, Gambling Stock.

[AMR]

I am now a holder of some shiny new OEL shares! We can't really go wrong when there has been so much accumulation!

(Unfortunately I buggered my order. See that spike up to 43? That was me:mad::mad::mad

[ronthepom]

Nice analysis there Bear...

Ron

Santa Rosa is the very thing that should start the roll on...

Lets see what OEL has to offer during 2008...

1. 2 more drills in Turkey (6/6 strikes thus far)
2. Galoc first oil during May (>3000bopd to OEL). NB Brent price >$US120!
3. Gazatta-1 gas drill in Italy in Sept
4. Possibly drilling Santa Rosa in Q4 2008

OEL should be well north of $1 come Xmas, & if they strike oil in Santa Rosa, its name your price

Hi Shasta, have sent you a pm. Ron

[small fish]

Shasta, have you seen the preso out by NDO last night and the action today. Some monster targets and maybe an indication of what could also be in store for OEL in the phillipines in the future.

[AMR]

A nice breakout today on decent volume. Was a bit worried that I'd jumped the gun on my entry but it turned out ok:o

[tricha]

AMR "A nice breakout today on decent volume. Was a bit worried that I'd jumped the gun on my entry but it turned out ok:o"

A great day out, but look at NDO fly. I hope u r not to late to put that other one in the bag AMR

But if they do a Tui with Galoc, then they will be one of the stocks of the year.

ABsolutely.
Stock of the week – Otto Energy
May 05, 2008
Tim Morris, wise-owl.com analyst</STRONG>

[AMR]

Sh!t, what happened there? So many good stocks to buy, so little cash.

[shasta]

Shasta, have you seen the preso out by NDO last night and the action today. Some monster targets and maybe an indication of what could also be in store for OEL in the phillipines in the future.

Yes i read the NDO ann, & quite a bit misleading to quote 11.6 billions barrels "mostly likely" in total reserves.

They need to do a hell of alot of drilling to firm that up, & its quite irresponsible of the ASX to allow such "blue sky hype".

NDO is not going to surpass WPL anytime soon & thats what they are suggesting!

NDO & OEL have big acreage, & are next door to each other, & OEL have there own elephant targets (maybe bigger than NDO?)

Food for thought down the track, NDO & OEL have permits that the majors will want in on, so both are in the prime position to benefit.

OEL has Santa Rosa, Argentina in its portfolio & theres more chance of us finding a billion barrels there than NDO will with there deep sea drilling!

[boxing_beaver]

anyone good with charts able to post one for OEL with some commentary?
currently reading a couple of books on TA but Im not finding it easy :P

[AMR]

anyone good with charts able to post one for OEL with some commentary?
currently reading a couple of books on TA but Im not finding it easy :P

Refer to my post on the previous page:

1. Since May 07, Otto has tracked sideways, but was being accumulated. This was quite obvious from the OBV indicator.
2. Otto broke out on decent volume yesterday when it closed above the resistance of 40c. This is a very bullish sign.

[boxing_beaver]

sweet, what do RSI & ROC indicators tell us? nothing in particular?

Liking the sustained increase in volume this week