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Still the deeper targets to explore but they'll be a big drop in SP today no doubt :(
Poor and not looking good. Could find something further down but as it stands not great.
not good
wierd system the Aus investors trapped now knowing the results arent good
Highlights
• Oil shows have been observed whilst drilling in the Nanushuk in the Winx-1 exploration well
o Preliminary review of the interval by the operator suggests that the zone in which the shows were encountered is at the lower end of the range required for commerciality; however, further petrophysical analysis is necessary
• No oil shows were recorded in the shallower secondary target (Seabee turbidites)
• The forward plan is to continue drilling to test the deeper objectives
out.
Results could be great or bad. A result is a result whether good or bad..it’s still results so I will Keep my powder dry I can’t see it’s hydrocarbons as this would be a simple RNS like all oilers do, it’s standard run of the mill stuff. You wouldn’t halt for that imo
If there is nothing worth bothering with,it can't get any worse,RNS states results.
Its not 50/50, well publicised COS of 25% so those are your odds.Still a chance there but it is in no way evens.GL
Too much speculation going on behind this halt. It means nothing. Outcome could be good or bad. Asx stocks always have these halts when something price sensitive is about to happen. Im invested here so hope we have found lots of oil.
OTTO are the only producing asset so that maybe why they aren’t suspended given they hold the only producing assets?
Surely cannot be an operational issue if OTTO isnt suspened too.
Jndavid, that was my point. It’s all odd IF it is until Tuesday I see no reason they couldn’t issue something there is no need to halt trading imo (unless they have a big issue of which they won’t know the full extent of until next week hence they can’t say). Don’t know tbh. Odd one
Spike,if its a disaster why Tuesday?
If we don’t halt I think you’ll know within 5 minutes of opening if it’s good or bad news imo There will be significant buying or rats of a jumping ship By virtues of the trading halt the cat is out of the bag one way or another imo and we know how things “slip out” on aim
Interestingly Otto Energy are still trading. 5% drop overnight in Oz
Suspended until Tuesday according to 88E board. Why Tuesday? Surely if they halt due to results there would be no reason they couldn’t simply state something them continue trading ? No? Or halt Monday I see no point in halting trading unless it’s huge or a disaster
Fact is no one knows if this is good or bad. No big buys, no big sells, static price over the last few days, so it appears no real leak of anything 50\50 imo knowing oilers at the minute Fingers crossed for good news
It could still suspend here and I reckon it will if it for results
7.30 am is when we will get official rns stating suspended.
thanks
May suspend in aus but not here ,interesting to watch the share price .
Normally any trading halt/suspension is a 07.30am RNS.
no RNS so trading continues