OEL - (Otto) Multi based, Gambling Stock.

[shasta]

cheers Shasta

interesting comments re BCC - still very comfortable with them though

Nice little rise for OEL yesterday - may it continue on

Bear

OEL Ann - John Letter buys 500k on market

http://www.stocknessmonster.com/news...E=ASX&N=424890

[tricha]

OEL Ann - John Letter buys 500k on market

http://www.stocknessmonster.com/news...E=ASX&N=424890

Good to see director pigging in, it as a choice of OEL, CUE and PPP which I topped up today, PPP won as it is the Cash King.

[shasta]

Good to see director pigging in, it as a choice of OEL, CUE and PPP which I topped up today, PPP won as it is the Cash King.

Your not going to go too far wrong with either of those...

[Rabbi]

I hold both BCC and OEL.

Both are absolute bargains at the moment. Both have very strong management teams and both are generating cashflow, although in the case of BCC the last well they drilled does not look like it will be a producer.

BCC are just selling gas into the USA which could be a bit of a problem with the way their economy is and already the price of gas has drifted down significantly.

I would go with OEL as some of their permits will generate a lot interest as they are "big" if they come in.

[shasta]

I hold both BCC and OEL.

Both are absolute bargains at the moment. Both have very strong management teams and both are generating cashflow, although in the case of BCC the last well they drilled does not look like it will be a producer.

BCC are just selling gas into the USA which could be a bit of a problem with the way their economy is and already the price of gas has drifted down significantly.

I would go with OEL as some of their permits will generate a lot interest as they are "big" if they come in.

OEL & NDO anns - Galoc looking the goods

NDO - Galoc 3 & 4 online, approaching 20,000 bopd
http://www.stocknessmonster.com/news...E=ASX&N=425268

OEL - Galoc operations update
http://www.stocknessmonster.com/news...E=ASX&N=425269

[boxing_beaver]

confident sounding announcement IMO

are u back in Shasta?

[shasta]

confident sounding announcement IMO

are u back in Shasta?

No not yet...

Had the markets been stable then i would have re-entered tomorrow.

I will wait for the markets to settle before i buy anything!

OEL is not technically behaving either, like most of my targets!

[Wysiwyg]

Absolutely phenomenal they can achieve 20000 bbls/d.

All oilers smashed mercilessly of late.Must be close to a good thing these two.

Not holding anything.

[AMR]

A bit of a curve ball question: How does the price discount they recieve for their sour crude change when the POO goes down?

[shasta]

A bit of a curve ball question: How does the price discount they recieve for their sour crude change when the POO goes down?

The Galoc Production Company is meant to be selling the Galoc oil at a small discount to the Brent price (I believe the discount to be between $US2 - $5).