MARKETS

Otto posts strong quarter as Alaska spuds looms nearer

OTTO Energy’s production for the quarter stood at 166,298 barrels of oil and 1.77 billion cubic feet of gas while cash from sales totalled US$12.2 million before operating costs and royalties.

Helen Clark

Otto posts strong quarter as Alaska spuds looms nearer

It has been an exciting quarter for the Perth junior, which has only recently relocated its main office to Houston, with Otto farming in to an eight well conventional drilling package on the nearshore...

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