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DRILLING

Otto shares rise on BHP farm-in

BHP Billiton has been enticed by the prospectivity of Otto Energy's SC55 permit in the offshore P...

Marija Stojkovic

BHP will earn up to a 60% interest and assume operatorship of the block by reimbursing Otto's past costs and funding one offshore deepwater well by 2012. Otto will retain a 33.18% interest in the block...

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