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Interesting developments today with the SSH notices
Santo Holding AG hold 80,000,000 shares or 18.31%, &
Aurora Capital International Ltd - hold 83,000,000 shares or 19%.
Can only be good for Otto to have cornerstone shareholders
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Member
support levels appear to have been breached today? im no TA expert though..
disc: holding in anticipation of galoc production and exploration upsides
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Worth a read, a high class dog
This is another of my picks in the 2008 comp, it is also a cornerstone of my portilfo, its well worth a read on a lazy Sunday afternoon.
http://www.ottoenergy.com/media/Otto...Dec%2007--.pdf
Great management and a quality gambling stock, multi company making opportunties and a multi bagger in the making actually.
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 Originally Posted by yogi-in-oz
Hi folks,
OEL ... as requested, here's some astroanalysis for
the next couple of months:
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
=====
Hi Tricha,
OEL ... no news yet, but a nice doji candle on Friday and volume up,
just a tad ... so will be alert for some good news early next week,
ahead of a very positive time cycle, around 14012008 ...
Figure you have picked winner in the comp with OEL, as it has some
positive aspects in Feb/March 2008 (& more) and it should be BOOMING,
in early-December 2008, as well ... particularly, from 02-10122008 ... !~!
happy trading
paul
=====
Disclaimer: yogi makes no claim to be a licenced investment advisor.
Always consult your licenced advisor or other financial professional expert.
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Originally Posted by yogi-in-oz
Hi Tricha,
OEL ... no news yet, but a nice doji candle on Friday and volume up,
just a tad ... so will be alert for some good news early next week,
ahead of a very positive time cycle, around 14012008 ...
Figure you have picked winner in the comp with OEL, as it has some
positive aspects in Feb/March 2008 (& more) and it should be BOOMING,
in early-December 2008, as well ... particularly, from 02-10122008 ... !~!
happy trading
paul
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Glad i picked it too then! 
We shall see, the December dates you quote may well be related to Argentina
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Member
Originally Posted by shasta
Glad i picked it too then!
We shall see, the December dates you quote may well be related to Argentina
Hi Shasta, you have put your finger on the button re. Argentina according to
my reliable sources, oel is definitely a hold.
Here's hoping.
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Originally Posted by yogi-in-oz
Hi Tricha,
OEL ... no news yet, but a nice doji candle on Friday and volume up,
just a tad ... so will be alert for some good news early next week,
ahead of a very positive time cycle, around 14012008 ...
Figure you have picked winner in the comp with OEL, as it has some
positive aspects in Feb/March 2008 (& more) and it should be BOOMING,
in early-December 2008, as well ... particularly, from 02-10122008 ... !~!
happy trading
paul
=====
Thanks for that Paul, lets hope so, 6 people have it in their picks, including Shasta
I see u settled for GOG, lets hope they come good to, looks like management have a few internal issues.
Cheers Tricha
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Otto a hot tip for 2008
Close to production and tipped by Stockanalysis and Wise Owl.
Not that this had a bearing on buying them, just re-enforces that they are an exceptional opportunity.
http://www.pse.com.ph/html/NewsRoom/..._2008-0011.pdf
Last edited by tricha; 07-01-2008 at 10:12 PM.
Reason: more to add
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Last edited by shasta; 07-01-2008 at 10:28 PM.
Reason: spelling
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8 January 2008
Manager of Company Announcements
Australian Securities Exchange
Level 6, 20 Bridge Street
SYDNEY NSW 2000
By E-Lodgement 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 Galoc Production Company WLL
#13-01 The Heeren
260 Orchard Rd
Singapore 238855
Tel: 65 6248 5360, Fax: 65 6248 5370 20080103 – Press Release – G3 Target Depth Page 1 of 2 08 January 2008 Galoc Field Development – Galoc 3 Well Target Depth Reached Galoc Production Company W.L.L., the Operator of Galoc Field offshore Palawan,
Philippines, is pleased to advise that G3 which is the second of the 2 development
wells, has reached the target measured depth of 4,185m. Completion of the G4
and G3 wells will now be undertaken according to the batched well construction
programme with well clean up following late this month. On Completion of the
well construction activity, installation of subsea equipment will be undertaken to
arrival and hook up of the FPSO.
First oil is expected to be Late March 2008. 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 20080103 – Press Release – G3 Target Depth 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 are estimated to be
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
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