FW has contacted OTE US partners to ask if OTE is a fraud. That will make it easier for Barnaby to access the good projects, not.
According to HC posts, several posters have been contacting management and abusing them and ordering them about on how to run the company. That will make them want to work hard for shareholders, not.
And there has also been a group of posters maintaining falsely that OTE only gets $75 per barrel, OTE does not know where money is, and that if the quarterly revenue for a well is less than the total once off exploration costs then the company is going bankrupt. Further they continue to maintain that OTE is the biggest dog stock on the OTE heading down to 0c.
Despite this they continue to hold and keep acting in a way to sabotage the company.
Obviously these posters have never created anything and do not understand that creating a company from nothing takes time. All things considered I think Barnaby has done very well and is on the verge of creating a good company from a shell.
Congratulations Tui on picking what seems to be the optimum time to enter OTE. If we continue getting good results from Comanche this worm will eventually turn.
I note that IF they average 200 bopd from both Comanche wells they will be getting net 65 bopd from all projects. That should bring in over $2.1m annually, compared to $700K of non exploration costs. That gives $1.4m of annual profit per year (excluding exploration). With upside of 60 more Comanche wells - they are increasing acreage.
Rumot
OTE Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
