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

Latest Media Releases

Otto Energy Limited (ASX:OEL) Galoc Mooring Update

08/07/2011 18:15:00

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…

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