EXPLORATION

Otto goes all-in in Alaska

OTTO Energy has torn up its original agreement to enter the Alaskan North Slope with a staged investment in Cosimo Damiano's Borealis Petroleum and instead snapped up the company with the issue of $1.2 million in shares.

Haydn Black

The company had intended to invest $US4 million into Borealis as part of a larger capital raising by Borealis, and then planned to invest more money as Borealis raised further capital as part of its farm-in...

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