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
- 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 …