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  1. #31
    Legend shasta's Avatar
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    Quote Originally Posted by tricha View Post
    Might make up for the disappointment of GDM Shasta. Yes we should see 40 cents tomorrow.

    http://www.ottomanenergy.com/media/E...Securities.pdf
    GDM - tell me about it

    Cairns Hill anybody? :mad:

    40c would be nice, but im holding for now
    Disc holding - ELS, IGO, NMT, SES

  2. #32
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    Only one part of the comprehensive report by Euroz (my thanks to the contributor tricha) i find misleading and that is this referring to Cuyana Basin in Argentina

    A discovery of 1 billion barrels would translate to multiples of OEL’s current share price.
    There is enthusism but to suggest a billion barrels is dumb.
    Last edited by Wysiwyg; 29-10-2007 at 11:25 PM.

  3. #33
    Legend shasta's Avatar
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    Quote Originally Posted by Wysiwyg View Post
    Only one part of the comprehensive report by Euroz (my thanks to the contributor tricha) i find misleading and that is this referring to Cuyana Basin in Argentina



    There is enthusism but to suggest a billion barrels is dumb.
    Agree, its getting a bit ahead of themselves....

    Lets talk it up as say a 50mmbo potential with upside?

    The market would like a surprise if they could shore up a 100mmbo+ reserve.
    Disc holding - ELS, IGO, NMT, SES

  4. #34
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    I don't think we'll see OEL at 30c again for a while, unless there is a large correction on the ASX. Did a bit of number crunching, and even after dilution there is great upside.
    It's best to think of this acquisition as a hedge against even further dilution later on down the line. Calauit seems to keep getting pushed back, so it was in the company's best interest to secure a piece of a large producing asset which they've done in fine style.

  5. #35
    Legend shasta's Avatar
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    Quote Originally Posted by ead83 View Post
    I don't think we'll see OEL at 30c again for a while, unless there is a large correction on the ASX. Did a bit of number crunching, and even after dilution there is great upside.
    It's best to think of this acquisition as a hedge against even further dilution later on down the line. Calauit seems to keep getting pushed back, so it was in the company's best interest to secure a piece of a large producing asset which they've done in fine style.
    Nice quarterly, yet again highlighting the new acquistion...

    Highlights:

    5 drill program in Turkey in Dec for potential 30+BCF Gas targets (OEL35%)

    Galoc Oil field (Phillipines) OEL share = Net 4.2mmbo, or 3300bopd (min $A300k per day!)

    Cash at end of quarter - $11.2m

    Next Quarter Expenditure - $4.5m

    Would like to think we won't see 30c again, but am not so sure...

    Bring on the Argentine Monster i say
    Disc holding - ELS, IGO, NMT, SES

  6. #36
    Senior Member scorp57's Avatar
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    shasta and friends-

    i was impressed with the quarterly and only noticed this company due to this thread. want to jump in with a significant trade of my ZFX holding into OEL, however, just wanted some general opinions and thoughts.

    should i wait a little for dilution? or will the phillipines data etc send this one thru the roof.

    any ideas?
    HOLDING - URA URAOA HGO STX
    SOON TO BE HOLDING -MRU NGE ORD BOW VPE BUL CFE PEN FRS

  7. #37
    Legend shasta's Avatar
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    Quote Originally Posted by scorp57 View Post
    shasta and friends-

    i was impressed with the quarterly and only noticed this company due to this thread. want to jump in with a significant trade of my ZFX holding into OEL, however, just wanted some general opinions and thoughts.

    should i wait a little for dilution? or will the phillipines data etc send this one thru the roof.

    any ideas?
    Like the rest of us, grab your lotto ticket & await the results!

    Turkey has some small but meaningful gas revenue on the horizon

    Phillipines has the new oil field online Apr & some elephants in the deeper waters waiting for a major to farm in for...

    Argentina has a monster target lurking & we should find out if we have the 41% of it & permission to drill during Decemeber (for drilling 2008).

    OEL may well drift between 30 & 40c for a while yet, who knows?
    Disc holding - ELS, IGO, NMT, SES

  8. #38
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    Quote Originally Posted by shasta View Post
    Like the rest of us, grab your lotto ticket & await the results!

    Turkey has some small but meaningful gas revenue on the horizon

    Phillipines has the new oil field online Apr & some elephants in the deeper waters waiting for a major to farm in for...

    Argentina has a monster target lurking & we should find out if we have the 41% of it & permission to drill during Decemeber (for drilling 2008).

    OEL may well drift between 30 & 40c for a while yet, who knows?
    My advice is--Holdem! re. Argentina.

  9. #39
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    Quote Originally Posted by shasta View Post
    Nice quarterly, yet again highlighting the new acquistion...

    Highlights:

    5 drill program in Turkey in Dec for potential 30+BCF Gas targets (OEL35%)

    Galoc Oil field (Phillipines) OEL share = Net 4.2mmbo, or 3300bopd (min $A300k per day!)

    Cash at end of quarter - $11.2m

    Next Quarter Expenditure - $4.5m

    Would like to think we won't see 30c again, but am not so sure...

    Bring on the Argentine Monster i say

    If we do see 30c, i'll be buying plenty more. I got in at an average just under 20c, and the fundamentals just keep improving. In my books, dilution to acquire an asset that will be producing in 6 months and paid back in around 18 months looks like good business for a emerging oiler. OEL is HEAVILY leveraged to success even after dilution, and once Galoc is up and pumping will provide a strong base to grow from.

    I remember reading somewhere that OEL are exposed to around 11 drills in the coming 12 months. I can almost guarantee you that we won't be sitting in the 30-40c region once Galoc starts to pump, Argentina is drilled, farmdowns occur & when Calauit starts to progress. As you can probably tell i'm very bullish on OEL's prospects for the next couple of years, all that is needed is some patience :P

  10. #40
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    Quote Originally Posted by ead83 View Post
    If we do see 30c, i'll be buying plenty more. I got in at an average just under 20c, and the fundamentals just keep improving. In my books, dilution to acquire an asset that will be producing in 6 months and paid back in around 18 months looks like good business for a emerging oiler. OEL is HEAVILY leveraged to success even after dilution, and once Galoc is up and pumping will provide a strong base to grow from.

    I remember reading somewhere that OEL are exposed to around 11 drills in the coming 12 months. I can almost guarantee you that we won't be sitting in the 30-40c region once Galoc starts to pump, Argentina is drilled, farmdowns occur & when Calauit starts to progress. As you can probably tell i'm very bullish on OEL's prospects for the next couple of years, all that is needed is some patience :P
    Totally agree, OEL is about positioning oneself for the 2008 drilling campaign.

    BOW & TEX should provide short term spikes in the meantime.

    I think the Euroz broker report is a tad disappointing having made no real effort to value (even on an unrisked/risked basis) the Argentinian permit & the deep water Phillipines acreage.

    I believe they have vastly undervalued the "potential" OEL has...

    I calculate the "Intrinsic Value" well above there upper valuation, even applying a large discount rate to account for risk.

    OEL is on accummulate for me
    Disc holding - ELS, IGO, NMT, SES

  11. #41
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    Courtesy of Jongo (HC)

    Announcement out ...

    Nido Petroleum Ltd (Nido) is pleased to announce the initial interpretation of the Galoc pilot hole results. The pilot hole programme was completed late on Saturday 3 November and indicates an oil column at the pilot hole location. The reservoir top, the oil-water contact and the indicated reservoir quality appear consistent with the predevelopment studies and will be validated by further petrophysical work in the coming days. Once this initial interpretation has been verified, the details will be the subject of a separate announcement.
    The pilot hole was designed to confirm potential reserves in the southern sector of the field by evaluating the reservoir structure and quality in that area and to optimise the location of the Galoc 3 production well. The pilot hole programme included
    cutting core, logging, pressure measurements and sampling of reservoir fluids. Deputy Managing Director, Joanne Williams, said “These early results are very
    encouraging for the Joint Venture. The pilot hole results correspond well with the pre-development subsurface modelling which reduces reservoir risk and increases
    our level of confidence in the subsurface predictions.”
    In accordance with the drilling programme, the pilot hole will be plugged back to the 13-3/8 inch casing shoe and sidetracked to drill the Galoc 4 horizontal production well. While Galoc 4 is being drilled, full petrophysical analysis combining the log data with the recovered core from the pilot hole will be used to fine-tune the placement of the Galoc 3 production well.

    OEL is in this JV - so tomorrow may be a good one!
    Disc holding - ELS, IGO, NMT, SES

  12. #42
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    Nice write up by Wise-Owl on OEL - with a 12 month target of $0.68.

    A suggested stop loss of 20c????

    Can we break the 40c resistence levels they refer to, yup just a matter of time...

    OEL - one to watch in 2008 as it becomes a producer of Oil & Gas
    Disc holding - ELS, IGO, NMT, SES

  13. #43
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    Quote Originally Posted by shasta View Post
    Nice write up by Wise-Owl on OEL - with a 12 month target of $0.68.

    A suggested stop loss of 20c????

    Can we break the 40c resistence levels they refer to, yup just a matter of time...

    OEL - one to watch in 2008 as it becomes a producer of Oil & Gas
    Hmm Shasta, I prefer this write up the title page of the thread. Very interesting little company we have here.

    FINALLY
    Quote from RM Capital’s research note
    “Otto is currently trading at an 84% discount to our base case valuation
    of A$1.75 per share..... We consider Otto represents a compelling near
    term investment”
    Thank you.

    Please visit us at our booth at the conference or website at

    www.ottoenergy.com

    for more information.

  14. #44
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    Hi folks,

    OEL ... as requested, here's some astroanalysis for
    the next couple of months:

    15-16112007 ... minor, but positive ... 2 cycles here and may be strong,
    until around 23112007

    27112007 ... positive news expected here

    30112007 ... negative aspect ... finance-related???

    14-17122007 ... 2 cycles here ... may be significant news.

    27122007 ... minor and positive ... finances???

    04012008 ... significant and positive news expected here

    14012008 ... positive spotlight on OEL ...

    18-21012008 ... minor cycle

    25-31012008 ... minor news ... 2 cycles here ... may trigger
    a negative response.

    12-14022008 ... 3 cycles ... should be strongest period in February 2008.

    14022008 and 2803-01042008 ... should also be the strongest days in March 2008.

    happy days

    paul



    =====
    Disclaimer: yogi makes no claim to be a licenced investment advisor.

    Always consult your licenced advisor or other financial professional expert.

  15. #45
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    Quote Originally Posted by yogi-in-oz View Post


    Hi folks,

    OEL ... as requested, here's some astroanalysis for
    the next couple of months:

    15-16112007 ... minor, but positive ... 2 cycles here and may be strong,
    until around 23112007

    27112007 ... positive news expected here

    30112007 ... negative aspect ... finance-related???

    14-17122007 ... 2 cycles here ... may be significant news.

    27122007 ... minor and positive ... finances???

    04012008 ... significant and positive news expected here

    14012008 ... positive spotlight on OEL ...

    18-21012008 ... minor cycle

    25-31012008 ... minor news ... 2 cycles here ... may trigger
    a negative response.

    12-14022008 ... 3 cycles ... should be strongest period in February 2008.

    14022008 and 2803-01042008 ... should also be the strongest days in March 2008.

    happy days

    paul



    =====
    You`re funny paul, but interesing assumptions nevertheless.Your assumptions leave you wide open to criticism but your obscurity makes up for that.Clever.

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