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22-12-2008, 02:42 PM
#351
Member
 Originally Posted by tricha
Yes its unfortunate, delays, followed by production problems, compounded by the low oil price.
U called this one right Shasta, they have missed the boat.
But like PPP, where I have now sold half and hedged my bets. I did the same here and have reduced my losses.
So while the Oil price is so low, Otto is now in the endangered list.
Hence I am out and will remain so, until there is change for the better. 
Good news for OEL holders--------farm out BHP.
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22-12-2008, 08:36 PM
#352
Originally Posted by ronthepom
Good news for OEL holders--------farm out BHP.
Hopefully the reimbursement of costs on SC55 to date will assist OEL getting thru the tough times...
Higher oil prices ahead when OEL starts receiving cheques 
I'm still watching OEL, but there are too many variables still for me to buy back in.
I would urge all Oil fans to read over the AED problems before buying into any near term producers...
The market is rightly hammering ANY problems
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22-12-2008, 08:49 PM
#353
Originally Posted by shasta
Hopefully the reimbursement of costs on SC55 to date will assist OEL getting thru the tough times...
Higher oil prices ahead when OEL starts receiving cheques
I'm still watching OEL, but there are too many variables still for me to buy back in.
I would urge all Oil fans to read over the AED problems before buying into any near term producers...
The market is rightly hammering ANY problems
Shasta - at what point/where should i start reading about AED's problems? I assume you are talking about puffin
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22-12-2008, 08:57 PM
#354
Originally Posted by shephejame
Shasta - at what point/where should i start reading about AED's problems? I assume you are talking about puffin
Yes, regarding Puffin (this also explains NWE's poor perfomance)
I guess from the bullish talk from management in the lead up to first oil & the subsequent problems since then.
AED was around $11 (with the market pricing in 100% success IMO), & fell to about $1. This highlights my point, you get it wrong the market WILL punish you.
It's not the size of the oil field, but rather the flow rates that determine the success or failure, as all producers have a marginal rate that is required to make a project viable.
One of the better examples of a successful transformation into production is our own NZO!
For me OEL will be worth re-visiting mid 2009, by then Alex Parks will have turned things around, or OEL will be toast
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23-12-2008, 01:41 AM
#355
OEL is amongst the walking dead stocks . Just one problem at the Galoc field and the banks will do what banks often do....... screw , not drill ....
OEL has to be around in 12-18 months time to benefit from BHP
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08-01-2009, 07:44 PM
#356
Last edited by shasta; 08-01-2009 at 07:46 PM.
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08-01-2009, 10:04 PM
#357
Member
 oel
Originally Posted by shasta
OEL - Santa Rosa gets the green light... 
http://www.stocknessmonster.com/news...E=ASX&N=434611
Might have to buy a few OEL just before the drill bit hits play dirt in Argentina.
I say sell the Turkish Gas interest to IPM & drill the ar$e out of Santa Rosa!
Ron - You still in on this? (Any goss re Argentina?)
Hi Shasta,
Yeh i've been buying cheap and selling, riding them up and down still have 300k, i have been playing with them and done alright. i will pm you if i get the goss. Goss--- look at WCL, look good to me. Talk is there are only going to be a couple of players at Gladstone but which ones?
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08-01-2009, 10:08 PM
#358
Originally Posted by ronthepom
Hi Shasta,
Yeh i've been buying cheap and selling, riding them up and down still have 300k, i have been playing with them and done alright. i will pm you if i get the goss. Goss--- look at WCL, look good to me. Talk is there are only going to be a couple of players at Gladstone but which ones?
Shell/AOE/PES/LNG will be one
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19-01-2009, 02:01 PM
#359
Last edited by shasta; 19-01-2009 at 02:32 PM.
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23-02-2009, 05:44 PM
#360
all time lows today...
any idea when Galoc production starts up?
.^sc
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