Otto Energy Ltd V.OEL

Primary Symbol: OTTEF

Energy Oil & Gas E&P

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.

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Otto Energy Ltd

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Comment by CarefulEyeon Jan 29, 2003 4:02pm

111 Views

Post# 5816016

RE: carefull

frasier, I first bought Osprey in 3/00, 100,000 shares at $1.00. I traded up and down numerous times since then, once owning as many as 200,000 shares. At one point, in Sept/2000 (I believe), the stock went well over $2.00/share and my equity was about $500,000., though this was a shortlived uptick. What you've missed was not covered in Math 101: you assume I bought 135,000 shares three years ago, sat on them until three days ago, and then decided to sell 75,000 (via Nesbitt). My unfortunate three-year Osprey odessy was far more circuitous than that!

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