OEL - (Otto) Multi based, Gambling Stock.

[shasta]

Smart move Shasta, I got 20% out at 46 cents, should have been 40%, had a pc glitch :mad:

But then when u think about it, I got out of ADY at 26 cents big loss, and ADY could still go bust and URA, I deemed far to much soverign risk.

Nothing like a round or two in the scary market

I got lucky with ADY, bought 21c & 6 weeks later sold 1/3 @ 63c...

In hindsight i should have sold the lot, & realised the mistake & sold another 1/3 at ~42c.

Problem was i got greedy & bought most of them them back

Wasn't going to make the same mistake again on OEL, despite the fundamentals being so strong, no use fighting the bears, just ends in tears!

[Crypto Crude]

AA I saw your chart of Death...
Its all a load of baloney using TA to make investment decisions in smaller oil stocks...
To be honest, I only just read the OEL delayed production ann and charting does not predict typhoons...
OEL is oversold, looks like a small delay to production nothing more... Without further information -> OEL is undervalued based solely on fundamentals...
cheers...
PS -> CUE is way more pretty...
Ive been ramping the hell out of this stock, its going to fly...
25cents this week...

.^sc

[AMR]

AA I saw your chart of Death...
Its all a load of baloney using TA to make investment decisions in smaller oil stocks...
To be honest, I only just read the OEL delayed production ann and charting does not predict typhoons...
OEL is oversold, looks like a small delay to production nothing more... Without further information -> OEL is undervalued based solely on fundamentals...
cheers...
PS -> CUE is way more pretty...
Ive been ramping the hell out of this stock, its going to fly...
25cents this week...

.^sc

I actually reckon OEL is big enough for TA to work. There's no way I'd use it on TEX or BUR though...

[Wysiwyg]

E.g Candles, Also I think I'd rather Buy BUR in a uptrend with above average volume, rather than a Downtrend with above average volume.
AA

Hi, as a 9 month holder (at a loss) of BUR i can say that the company has delivered on all the wells drilled so far and the downtrend is predominantly to do with the overall markets.Even companies discovering or producing exceptionally well are down-trending due to overall market conditions.

Half the battle is won by staying out of the market too.
And oh, OEL sold down heavily opens up a great opportunity.

[Crypto Crude]

absolute advance,
You cleared that up well...
Im going to study TA with much indepth next year...thanks...

.^sc

[tricha]

AA I saw your chart of Death...
Its all a load of baloney using TA to make investment decisions in smaller oil stocks...
To be honest, I only just read the OEL delayed production ann and charting does not predict typhoons...
OEL is oversold, looks like a small delay to production nothing more... Without further information -> OEL is undervalued based solely on fundamentals...
cheers...
PS -> CUE is way more pretty...
Ive been ramping the hell out of this stock, its going to fly...
25cents this week...

.^sc

Right on Cue Shrewd and yes OEL's price is based entirely on something happening. It is really a high quality gambling stock, it has many plays in place! U just do not know whats around the corner, either good or bad.
but sure as hell, wait for the news and u will be sitting at the station watching the clouds sail past.

HIGHLIGHTS

•

Strong board and
management.

•

World class portfolio
across 4 countries.

•

Production from Galoc at
3000-4000 bopd net to
Otto.

•

6-10 well exploration
campaign in 2008.

•

Opportunity rich with
- 8 discoveries
- 16 prospects
- Over 60 leads in the
portfolio.
Media / investor enquiries:

Jill Thomas
+61 8 6467 8800
thomas@ottoenergy.com

23 July 2008

Galoc Development Update

Otto Energy Limited (ASX: OEL) provides an update on the riser
replacement and reconnection operations at the Galoc Oil Field.
Otto holds an 18.3% indirect interest in the field via a 32% shareholding
in the operating company Galoc Production Company (

GPC), which
holds a 58.29% working interest in the Galoc Field.
GPC has informed the joint venture that replacement riser parts for the
section of the riser that was damaged during typhoon FengShen have
arrived at the Galoc Field.
Currently the Mooring and Riser System is being recovered to the
surface and a thorough inspection and pressure testing of the umbilical
will be carried out. The riser replacement and reconnection operations
will then be undertaken.
For further information please refer to the attached Media Release from
GPC.
Yours faithfully

_________________
Alex Parks

Chief Executive Officer

Galoc Production Company WLL
#13-01 The Heeren
260 Orchard Rd
Singapore 238855
Tel: 65 6248 5360, Fax: 65 6248 5370

20080723 – Press Release – FPSO Reconnection (Rev 1) Page 1 of 2

23 July 2008

Galoc Field Development – FPSO Reconnection

Galoc Production Company (GPC), the Operator of the Galoc Field offshore
Palawan, Philippines, advises that, following disconnection of the FPSO from the
Mooring and Riser System which was necessary due to typhoon Frank (FengShen)
subsequent inspection of the subsea components by Remote Operated Vehicle
(ROV) has revealed damage to one of the upper riser sections. Replacement riser
sections have been mobilized from Singapore by our FPSO contractor and have
arrived in the field onboard a support vessel for the replacement operation.
The Mooring and Riser System is being recovered and surface inspection and
pressure testing of the umbilical will be carried out. The riser replacement and
reconnection operations will then be undertaken. An additional vessel equipped
with a work class ROV spread has been mobilized to assist our FPSO contractor in
completing these activities.
The on-going inspection, reinstatement and reconnection activities involve several
delicate, inter-related operations the results of which will influence the timing of
First Oil, now anticipated to be early August.

Registered Office

: National Bank of Bahrain Tower, 18th Floor (181),
Building 113, Government Avenue, Manama Town 316, Bahrain

Registered Branch Office

: 3/F 111 Paseo de Roxas Bldg,
Paseo de Roxas cor. Legaspi Sts., Legaspi Village, Makati City, Philippines

Galoc Production Company WLL
#13-01 The Heeren
260 Orchard Rd
Singapore 238855
Tel: 65 6248 5360, Fax: 65 6248 5370

20080723 – Press Release – FPSO Reconnection (Rev 1) Page 2 of 2

Additional Notes

The Galoc field is located in Service Contract SC14-C (Galoc Sub Block) in 290m
of water approximately 65km north west of Palawan in the Republic of the
Philippines. The development involves the construction of two subsea completed
horizontal production wells, with extended reservoir contacts, tied back to a
Floating Production Storage and Offloading (“FPSO”) facility via a short seabed
pipeline and mid-water riser system. Most likely oil reserves as estimated at time
of commitment to the development in 2006, is approximately 10 million barrels.
The reserves estimate and requirement for additional wells and facility capacity
will be reassessed following an analysis of results from both development drilling
and initial field production performance.
The participating interests in the Galoc Field are as follows:

Participant Participating Interest %

Galoc Production Company W.L.L. (Operator) 58.29
Nido Petroleum Philippines Pty Ltd 22.28
The Philodrill Corporation 7.02
Oriental Petroleum & Minerals Corporation/
Linapacan Oil Gas & Power Corporation
7.58
Forum Energy Philippines Corporation 2.27
Alcorn Gold Resources Corporation 1.53
PetroEnergy Resources Corporation 1.03
Further information on GPC and the Galoc Field can be obtained from:

•

GPC’s website www.galoc.com

•

via email at enquiry@galoc.com

•

or by contacting
Jeff Davison, Chief Operating Officer
Tel: +65 6248 5360

Registered Office

: National Bank of Bahrain Tower, 18th Floor (181),
Building 113, Government Avenue, Manama Town 316, Bahrain

Registered Branch Office

: 3/F 111 Paseo de Roxas Bldg,
Paseo de Roxas cor. Legaspi Sts., Legaspi Village, Makati City, Philippines

[shasta]

Right on Cue Shrewd and yes OEL's price is based entirely on something happening. It is really a high quality gambling stock, it has many plays in place! U just do not know whats around the corner, either good or bad.
but sure as hell, wait for the news and u will be sitting at the station watching the clouds sail past.

HIGHLIGHTS

•

Strong board and

management.
•

World class portfolio

across 4 countries.
•

Production from Galoc at

3000-4000 bopd net to
Otto.
•

6-10 well exploration

campaign in 2008.

•

Opportunity rich with

- 8 discoveries
- 16 prospects
- Over 60 leads in the
portfolio.
Media / investor enquiries:

Jill Thomas
+61 8 6467 8800
thomas@ottoenergy.com
23 July 2008
Galoc Development Update
Otto Energy Limited (ASX: OEL) provides an update on the riser
replacement and reconnection operations at the Galoc Oil Field.
Otto holds an 18.3% indirect interest in the field via a 32% shareholding
in the operating company Galoc Production Company (GPC), which
holds a 58.29% working interest in the Galoc Field.
GPC has informed the joint venture that replacement riser parts for the
section of the riser that was damaged during typhoon FengShen have
arrived at the Galoc Field.
Currently the Mooring and Riser System is being recovered to the
surface and a thorough inspection and pressure testing of the umbilical
will be carried out. The riser replacement and reconnection operations
will then be undertaken.
For further information please refer to the attached Media Release from
GPC.
Yours faithfully
_________________
Alex Parks
Chief Executive Officer
Galoc Production Company WLL
#13-01 The Heeren
260 Orchard Rd
Singapore 238855
Tel: 65 6248 5360, Fax: 65 6248 5370
20080723 – Press Release – FPSO Reconnection (Rev 1) Page 1 of 2
23 July 2008
Galoc Field Development – FPSO Reconnection
Galoc Production Company (GPC), the Operator of the Galoc Field offshore
Palawan, Philippines, advises that, following disconnection of the FPSO from the
Mooring and Riser System which was necessary due to typhoon Frank (FengShen)
subsequent inspection of the subsea components by Remote Operated Vehicle
(ROV) has revealed damage to one of the upper riser sections. Replacement riser
sections have been mobilized from Singapore by our FPSO contractor and have
arrived in the field onboard a support vessel for the replacement operation.
The Mooring and Riser System is being recovered and surface inspection and
pressure testing of the umbilical will be carried out. The riser replacement and
reconnection operations will then be undertaken. An additional vessel equipped
with a work class ROV spread has been mobilized to assist our FPSO contractor in
completing these activities.
The on-going inspection, reinstatement and reconnection activities involve several
delicate, inter-related operations the results of which will influence the timing of
First Oil, now anticipated to be early August.
Registered Office

: National Bank of Bahrain Tower, 18th Floor (181),

Building 113, Government Avenue, Manama Town 316, Bahrain
Registered Branch Office

: 3/F 111 Paseo de Roxas Bldg,

Paseo de Roxas cor. Legaspi Sts., Legaspi Village, Makati City, Philippines
Galoc Production Company WLL
#13-01 The Heeren
260 Orchard Rd
Singapore 238855
Tel: 65 6248 5360, Fax: 65 6248 5370
20080723 – Press Release – FPSO Reconnection (Rev 1) Page 2 of 2
Additional Notes
The Galoc field is located in Service Contract SC14-C (Galoc Sub Block) in 290m
of water approximately 65km north west of Palawan in the Republic of the
Philippines. The development involves the construction of two subsea completed
horizontal production wells, with extended reservoir contacts, tied back to a
Floating Production Storage and Offloading (“FPSO”) facility via a short seabed
pipeline and mid-water riser system. Most likely oil reserves as estimated at time
of commitment to the development in 2006, is approximately 10 million barrels.
The reserves estimate and requirement for additional wells and facility capacity
will be reassessed following an analysis of results from both development drilling
and initial field production performance.
The participating interests in the Galoc Field are as follows:
Participant Participating Interest %
Galoc Production Company W.L.L. (Operator) 58.29
Nido Petroleum Philippines Pty Ltd 22.28
The Philodrill Corporation 7.02
Oriental Petroleum & Minerals Corporation/
Linapacan Oil Gas & Power Corporation
7.58
Forum Energy Philippines Corporation 2.27
Alcorn Gold Resources Corporation 1.53
PetroEnergy Resources Corporation 1.03
Further information on GPC and the Galoc Field can be obtained from:
•

GPC’s website www.galoc.com

•

via email at enquiry@galoc.com

•

or by contacting

Jeff Davison, Chief Operating Officer
Tel: +65 6248 5360
Registered Office

: National Bank of Bahrain Tower, 18th Floor (181),

Building 113, Government Avenue, Manama Town 316, Bahrain
Registered Branch Office

: 3/F 111 Paseo de Roxas Bldg,

Paseo de Roxas cor. Legaspi Sts., Legaspi Village, Makati City, Philippines

OEL quarterly out, still awaiting first oil, which is disappointing...

http://www.stocknessmonster.com/news...E=ASX&N=415546

[tricha]

OEL quarterly out, still awaiting first oil, which is disappointing...

http://www.stocknessmonster.com/news...E=ASX&N=415546
[/left]

Oh but it's not far away Shasta and looking in the rearview mirror will not do u much good either

But then again, nothing is guaranteed, so yes, it could be another AED

I might go out and talk to the clouds, they might help


http://www.stocknessmonster.com/news...E=ASX&N=415683

[tricha]

Well I've been out there talking to the clouds.

"Clouds I need an answer. "

" Will Galoc deliver ???????? "

Dam clouds peed on me.

I guess at the end of the day, will Galoc deliver?

It's a calculated gamble. Based on informaton.

Galoc Oil Field Development Update
Australian based oil & gas company Otto Energy (ASX: OEL) is pleased to release
the attached announcement from the Galoc Production Company, operator of the
Galoc Field Development offshore Philippines.
Otto has an indirect 18.28% interest in the Galoc field via a 31.38% shareholding in
Galoc Production Company W.L.L. (“GPC”) which holds a 58.29% working interest in
the Galoc Oil Field. A subsidiary of the Vitol Group (“Vitol”) owning the remaining
stake (68.62 %)
Commenting on the release Alex Parks CEO of Otto Energy said “We are pleased
that the two Galoc development wells have now been successfully drilled. The
provisional analysis of the data, suggests both wells have exceeded pre drill
expectations, however this will be confirmed during the clean up flowing of the wells,
later this month and during start up of production in late March”
For Otto Energy shareholders who would like to remain informed of the progress of
the Galoc Project, please refer to the GPC website and the regular releases on the
Philippines Stock Exchange at www.galoc.com and www.pse.org.ph/ respectively.
Yours faithfully
_________________
Alex Parks
CEO
For further information please contact:
Alex Parks (CEO) Jill Thomas / John Williams
Otto Energy Professional Public Relations
Ph: +61 8 9226 0001 Ph: +61 8 9388 0944
.................................................. .................................................. ...........................

SX / Media Announcement
26th February 2008
Galoc Oil Field Development Update, Philippines.
Galoc-4 successfully flows oil at over 6,000 bopd.
Australian based oil & gas company Otto Energy (ASX: OEL) is pleased
to release the attached announcement from the Galoc Production
Company, operator of the Galoc Field Development offshore Philippines.
Highlights:

•

Galoc-4 well has been flow tested at a stabilised rate of

approximately 6,150 barrels of oil per day (bopd)
•

The well is now ready for connection to the FPSO for first

commercial oil production in April 2008
Otto has an indirect 18.28% interest in the Galoc field via a 31.38%
shareholding in Galoc Production Company W.L.L. (“GPC”) which holds
a 58.29% working interest in the Galoc Oil Field. A subsidiary of the
Vitol Group (“Vitol”) owning the remaining stake (68.62 %)
The Galoc-4 well has now been cleaned up at dry oil flow rates of up to
6,150, bopd on a 52/64” inch (20.6mm) choke. This rate was
deliberately constrained to optimise data gathering and sampling. The
expected initial rate from Galoc-4 when the field comes on full
production is expected to be higher than this test rate.
CEO of Otto Energy Alex Parks, said:
“Otto is extremely pleased with the results from both Galoc wells.
Analysis of the clean up flow from the Galoc-4 well has shown it is the
best of the two development wells and both are at the high end of the
pre drill expectations”
There have been some weather and operational related delays during
the drilling, but nothing particularly out of the ordinary for development
projects of this nature. The cost of the delays to Otto should be less
than US$2 million, which is a testament to GPC running a well managed
operation.
For Otto Energy shareholders who would like to remain informed of the
progress of the Galoc Project on a daily basis, please refer to the GPC
website and the regular releases on the Philippines Stock Exchange at
www.galoc.com

and www.pse.org.ph/ respectively.

Yours faithfully
_________________
Alex Parks
CEO
For further information please contact:
Alex Parks (CEO) Jill Thomas / John Williams
Otto Energy Professional Public Relations
Ph: +61 8 9226 0001 Ph: +61 8 9388 0944

absolut-advance - hmm I'm wet .

[shasta]

Oh but it's not far away Shasta and looking in the rearview mirror will not do u much good either

But then again, nothing is guaranteed, so yes, it could be another AED

I might go out and talk to the clouds, they might help


http://www.stocknessmonster.com/news...E=ASX&N=415683

Don't get me wrong, i'm bullish on OEL, & think they have an excellent portfolio of exploration targets for 2009/10.

But i'm happy to miss a few cents when first oil comes, & enter when everything is up & running smoothly...

Getting out of OEL at 48c, is looking better all the time