Otto Energy

Otto Energy has experienced significant growth since it listed on the ASX in 2004.
The Company has assembled a balanced portfolio of highly prospective onshore and offshore oil and gas projects across two countries: The Philippines, Turkey. In October 2008, Otto transformed from sole explorer to an explorer/producer with production commencing at the Galoc oil field in the Philippines.
April 2010 we commenced production from the Edirne fields in Turkey

The Company's strategic focus is to maintain a balanced portfolio through ensuring that Otto:

    * Maximise value from producing project
    * Explore/appraise in and near field to extend production in Galoc and Edirne projects
    * Execute Philippine farm-down and exploration program
    * Actively pursue value adding new business opportunities

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ASX:OEL

Latest Media Releases

Otto Energy Limited (ASX:OEL) June 2011 Quarterly Report

Today Otto Energy Limited (ASX:OEL) released June 2011 Quarterly Report .

Otto Energy Limited (ASX:OEL) Galoc Mooring Update

Galoc JV to Install Improved Mooring and Riser System - Upgrade to substantially increase production uptime of the Galoc field - Important step towards approval of a Phase 2 developme…

Otto Energy Limited (ASX:OEL) SC69 3D Seismic Completed

Highlights: - 3D Seismic acquisition completed in SC69, Offshore Visayas, Philippines Otto Energy Ltd (ASX: OEL) is pleased to announce that the 3D seismic acquisition program commenced earlier …

Latest News

Energy sector leading the way: ASX 0.3% lower at noon

21 Jun 2019 - The ASX opened flat following positive leads from Wall Street and is now tracking 0.3% lower at noon. Shares in CSL (ASX:CSL) have seen a drop this morning after upda…

Otto Energy gains licence from Byron Energy

09 May 2019 - Otto Energy (ASX:OEL) has gained a 100 per cent interest in a licence which lies adjacent to its producing South Marsh Island Block.

Budget boost, ASX hits 8-month high: Aus shares 0.5% higher at noon

03 Apr 2019 - The Australian share market continued its seven-day rally after the Budget was handed down and has now hit an eight month high. North American oil and gas maker Otto…

Healius shares dip after rejecting takeover offer: ASX is 1.5% higher at noon

07 Jan 2019 - The ASX has continued to rise throughout this morning after the US posted solid gains on Friday after a boost from impressive employment data from all jobs except far…

BHP Billiton leads the index: Aus shares 0.24% higher at noon

09 Jul 2018 - The Australian share market opened higher following positive leads from Wall Street and is now tracking 0.24 per cent higher at noon. The materials sector is leading …

Midday: Greek woes continue to drag

25 Jun 2015 - Greek woes continue to drag. Otto Energy’s Limited (ASX:OEL) CEO Matthew Allen named the company’s Managing Director as well, effective immediately.

CSG, acceptance still has a way to go

3 Oct 2014 – CSG mining and fracking have faced stiff community opposition and it remains to be seen if comments by the NSW Chief Scientist and Engineer will assuage fears.

Market Wrap: ASX ends deep in the red

22 Sep 2014 - ASX ends deep in the red after sell off in banks and miners. ALS Limited (ASX:ALQ) cuts first half profit forecast on pricing pressures across all business divisions.

Midday: ASX dragged by banks and miners

22 Sep 2014 - ASX dragged by banks and miners after another drop in the iron ore price. Otto Energy Limited (ASX:OEL) sells Galoc Production Company to Singapore-based Risco Ener…

Otto Energy gains on BHP Philippines deal

14 Mar 2014 - Otto Energy Limited (ASX:OEL) gains after securing a transfer of interest and operatorship in the Philippines from BHP Billiton Limited (ASX:BHP).

BHP to pay Otto $US3M

22 Jan 2014 - BHP Billiton Limited (ASX:BHP) will pay $US3 million to Otto Energy Limited (ASX:OEL) to terminate an exploration joint venture offshore the Philippines.

Midday: Iron ore stocks drag on ASX

21 Jan 2014 - Iron ore stocks drag on ASX. Shares in Sandfire Resources NL (ASX:SFR) drop after the copper and gold producer’s quarterly report reveals a fall in output.