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Otto Energy Ltd (ASX:OEL) Duhat-1 well spuds in Service Contract 51

DUHAT-1 WELL SPUDS IN SERVICE CONTRACT 51, SAN ISIDRO, LEYTE, PHILIPPINES
 
Highlights:

  • Duhat-1 well commences drilling with the official spud announced
Otto Energy Ltd (ASX: OEL) is pleased to advise that the Duhat-1 well has commenced drilling with the official spud of the well today.

The DESCO Rig-1 drilling unit is being used for the well which is expected to take approximately 27 days to reach target depth of 1,000 metres.

Further background on the Duhat-1 well is provided in the ASX announcement.
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