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OTTO ENERGY LIMITED - ASX: OEL
The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.
Description
Based in West Perth, Otto Energy Limited is an international exploration and production company that in the last six years has assembled a balanced portfolio of oil and gas assets in the Philippines and Turkey.
Revenue which the company receives from production, now underway at Galoc Oil Field (SC14C Philippines), and from the Edirne Gas Project in Turkey, will be used to fund further development and Exploration across all of the company's highly prospective assets.
Otto has a substantial exploration portfolio that includes additional discoveries approximately 20 drillable prospects covered by new 3D seismic and well over 50 exploration leads which are being matured as follow-up potential.
Otto is strategically placed with...
* Funding via production at the Galoc Oil Field and the Edirne Gas Project
* Strong management and experienced technical teams in both Australia & Philippines
* Highly prospective asset portfolio
* Active exploration and development program over the next two to five years
Mine For
oil, gas
Location of operation(s)
Turkey, Philippines, Argentina, Italy
Address
32 Delhi St
WEST PERTH, WA, AUSTRALIA
Phone
(61 8) 6467 8800
Website
Last Updated
2/3/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
