Otto Energy has experienced significant growth since it listed on the ASX in 2004.
The Company has assembled a balanced portfolio of highly prospective onshore and offshore oil and gas projects across two countries: The Philippines, Turkey. In October 2008, Otto transformed from sole explorer to an explorer/producer with production commencing at the Galoc oil field in the Philippines.
April 2010 we commenced production from the Edirne fields in Turkey
The Company's strategic focus is to maintain a balanced portfolio through ensuring that Otto:
* Maximise value from producing project
* Explore/appraise in and near field to extend production in Galoc and Edirne projects
* Execute Philippine farm-down and exploration program
* Actively pursue value adding new business opportunities
23/06/2011 14:45:00
Highlights:
- 3D Seismic acquisition completed in SC69, Offshore Visayas, Philippines
Otto Energy Ltd (ASX: OEL) is pleased to announce that the 3D seismic acquisition program commenced earlier …
Market Reports /
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09 May 2019 - Otto Energy (ASX:OEL) has gained a 100 per cent interest in a licence which lies adjacent to its producing South Marsh Island Block.
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03 Apr 2019 - The Australian share market continued its seven-day rally after the Budget was handed down and has now hit an eight month high. North American oil and gas maker Otto…
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07 Jan 2019 - The ASX has continued to rise throughout this morning after the US posted solid gains on Friday after a boost from impressive employment data from all jobs except far…
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09 Jul 2018 - The Australian share market opened higher following positive leads from Wall Street and is now tracking 0.24 per cent higher at noon. The materials sector is leading …
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9 years ago
25 Jun 2015 - Greek woes continue to drag. Otto Energy’s Limited (ASX:OEL) CEO Matthew Allen named the company’s Managing Director as well, effective immediately.
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3 Oct 2014 – CSG mining and fracking have faced stiff community opposition and it remains to be seen if comments by the NSW Chief Scientist and Engineer will assuage fears.
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22 Sep 2014 - ASX dragged by banks and miners after another drop in the iron ore price. Otto Energy Limited (ASX:OEL) sells Galoc Production Company to Singapore-based Risco Ener…
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11 years ago
14 Mar 2014 - Otto Energy Limited (ASX:OEL) gains after securing a transfer of interest and operatorship in the Philippines from BHP Billiton Limited (ASX:BHP).
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11 years ago
22 Jan 2014 - BHP Billiton Limited (ASX:BHP) will pay $US3 million to Otto Energy Limited (ASX:OEL) to terminate an exploration joint venture offshore the Philippines.
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11 years ago
21 Jan 2014 - Iron ore stocks drag on ASX. Shares in Sandfire Resources NL (ASX:SFR) drop after the copper and gold producer’s quarterly report reveals a fall in output.
