OEL - (Otto) Multi based, Gambling Stock.

[shasta]

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).

For all you Otto fans out there (& yes i'm one)

http://www.wise-owl.com/images/user/...BuyOct2008.pdf

[shasta]

For all you Otto fans out there (& yes i'm one)

http://www.wise-owl.com/images/user/...BuyOct2008.pdf

OEL - Sept Quarterly

http://www.asx.com.au/asxpdf/2008102...vnh1l58cff.pdf

[shasta]

OEL - Sept Quarterly

http://www.asx.com.au/asxpdf/2008102...vnh1l58cff.pdf

OEL - First Cargo of Oil (300,000/bbls, 54,840 net to OEL)

http://www.stocknessmonster.com/news...E=ASX&N=427289

Average 15,000 bopd x 0.1828 = 2,742 bopd net to OEL

Let's assume say $A100/bbl, thats daily revenue of $A274,200, nice

[shasta]

OEL - First Cargo of Oil (300,000/bbls, 54,840 net to OEL)

http://www.stocknessmonster.com/news...E=ASX&N=427289

Average 15,000 bopd x 0.1828 = 2,742 bopd net to OEL

Let's assume say $A100/bbl, thats daily revenue of $A274,200, nice

OEL - Asian Oil & Gas Investment Congress Presentation

http://www.stocknessmonster.com/news...E=ASX&N=428579

Meanwhile OEL continues to accrue revenue at least $A250k per day

[shasta]

OEL - Asian Oil & Gas Investment Congress Presentation

http://www.stocknessmonster.com/news...E=ASX&N=428579

Meanwhile OEL continues to accrue revenue at least $A250k per day

OEL - Galoc Field Update

http://www.stocknessmonster.com/news...E=ASX&N=428925

[Rabbi]

If -and it's a big if-the oil price stops bouncing up and down on the bottom, and heads north again, a stock such as Otto is a double bagger for sure. I picked them up for 18.5, but anything under 30c is an absolute steal IMO.

Galoc oil production underpins the SP and junior looks sure to be re-rated in due course.

[tricha]

If -and it's a big if-the oil price stops bouncing up and down on the bottom, and heads north again, a stock such as Otto is a double bagger for sure. I picked them up for 18.5, but anything under 30c is an absolute steal IMO.

Galoc oil production underpins the SP and junior looks sure to be re-rated in due course.

Yes Rabbi, it will be re-rated when income from Galoc starts to show up in the books, but that could take 6 months. Then we have gas from Turkey coming on line and then more drilling, the patient will be rewarded.

[Corporate]

down 17% yesterday....what happened?

[shasta]

down 17% yesterday....what happened?

Not too sure, the VWAP was 15.42c, compared to the close of 14c.

Not a big amount $ wise traded, but volume up on the rest of the week...

Looks like it's a liquidity issue, the 100k parcels had to drop the sell price to get hit (looking at the stockness trading data)

Might have flushed out a few weak hands near the close with a few small parcels going through.

Negative ann coming Monday

[AMR]

Yes shasta I agree, they might be releasing some bad news monday. A break below the previous support of 16.5c is a sell signal in itself.