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Otto Energy (OEL) – Quarterly Report December 2019

    Home Latest Research Otto Energy (OEL) – Quarterly Report December 2019
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    Otto Energy (OEL) – Quarterly Report December 2019

    By Wendy McEvoy | Latest Research | 0 comment | 3 February, 2020 | 0

    OEL’s hydrocarbon sales were down 27% QoQ due to production interruptions. Two new wells have been drilled and completed and will contribute to the production profile this year. There are three exploration wells left to go in the Hilcorp program that will potentially provide some exploration upside. We maintain our BUY recommendation and our price target is under review pending the incorporation of two new wells production.

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