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Otto Energy Ltd V.OEL


Primary Symbol: OTTEF

Otto Energy Limited is an Australia-based oil and gas exploration and production company, which is focused on the Gulf of Mexico region. The Company’s projects include South Marsh 71 (SM 71), Lightning Field, Green Canyon 21 (GC 21), Mosquito Bay West, Oyster Bayou South and South Timbalier 48. The South Marsh 71 is located in the offshore shallow waters of the Gulf of Mexico. The Lightning Field is located in onshore Matagorda County, Texas. The Green Canyon 21 is located in the offshore deep waters of the Gulf of Mexico. The Mosquito Bay West and Oyster Bayou South are located in the offshore state waters, Terrebonne Parish, Louisiana. The South Timbalier 48 is located in the offshore shallow waters of the Gulf of Mexico. The Company's subsidiaries include GPC Investments SA, Borealis Petroleum Pty Ltd, Otto Energy Alaska (Delaware) LLC, Otto Energy (USA) Inc, Otto Energy (Louisiana) LLC, Otto Energy (Patrick Henry) LLC and others.


OTCPK:OTTEF - Post by User

Bullboard Posts
Post by littlejoepton Oct 22, 2002 12:22pm
117 Views
Post# 5523820

Osprey-coiled tubing

Osprey-coiled tubinghi. to clarify--if we had a drilling rig on location, with pipe in the derrick, we'd screw all the pipe together and run it in the hole. Drill pipe might typically be 41/2" o.d. 30-32' in length and weigh about 16# a foot. a single rig would pull one jt at a time, a double 2 and a triple 3. Anyhow, to get a tool on bottem, we gotta put all our pipe together and 'trip' it into the hole. Look at coiled tubing as a long piece of pipe--maybe 20,000' or more--wound on a spool. think about unrolling a roll of wire, straighening it out, and pushing it down a hole. This is basically what you're doing---faster and simpler, 'eh? You can get it smaller than an inch o.d. up to at least 4" od. It catchs heck from all the straightening, bending, etc. Will grow in length and stretch or shrink in o.d. from all the stress. I think they even make it double walled, for reverse circulation techniques, drilling in low pressure, fragile formations, etc. lj
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