Otto Energy Ltd
Otto Energy Limited is an Australia-based oil and gas exploration and production company, which is focused on the Gulf of Mexico region.
The business
Otto Energy Limited is an Australia-based oil and gas exploration and production company, which is focused on the Gulf of Mexico region. The Company’s projects include South Marsh Island 71 (SM 71), Lightning Field, Green Canyon 21 (GC 21), Mosquito Bay West, and Oyster Bayou South. The South Marsh 71 is located in the offshore shallow waters of the Gulf of Mexico. The Lightning Field is located in onshore Matagorda County, Texas. The Green Canyon 21 is located in the offshore deep waters of the Gulf of Mexico. The Mosquito Bay West and Oyster Bayou South are located in the offshore state waters, Terrebonne Parish, Louisiana. The Company's subsidiaries include Borealis Petroleum Pty Ltd, Otto Energy Resources Corporation (Delaware), Otto Energy (USA) Inc, Otto Energy (Louisiana) LLC, Otto Energy (Gulf One) LLC, among others.
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Latest news
Otto Energy reports strong hydrocarbon pay zones at SM71 lease in Gulf of Mexico
Otto Energy (ASX: OEL) has come out of a trading halt to announce a significant hydrocarbon discovery within the South Marsh Island 71 (SM71) lease in the Gulf of Mexico. Drilling intersected 40 metres true vertical thickness of net hydrocarbon pay in the primary D5 sand interval. The F5-ST well, operated on behalf of the […]
Oil and gas rush speeds-up as prices surge
A promising gas discovery revived interest in Buru Energy (ASX: BRU) earlier this week – delivering a 30% share-price rise in the latest example of investors returning to the politically incorrect oil and gas sector, a move which iron ore billionaire Gina Rinehart successfully made late last year. Though miles apart in terms of size […]
Otto Energy strikes more oil in Gulf of Mexico
Oil and gas junior Otto Energy (ASX: OEL) has announced its Bulleit appraisal well in the US Gulf of Mexico is being suspended as a future producer after hitting more oil pay in the deeper target sands. According to the company, its Texas-based partner and well operator Talos Energy (NYSE: TALO) intersected about 110 feet […]
88 Energy, Otto and Red Emperor Resources hit potential pay zones at Winx-1
Junior explorer 88 Energy (ASX: 88E) and its consortium partners Otto Energy (ASX: OEL) and Red Emperor Resources (ASX: RMP) will progress to wireline activities at the Winx-1 exploration well in Alaska after completing the first round of drilling. Providing an update to their respective shareholders on the Alaskan activities today, the trio announced it […]
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