OEL 7.69% 1.2¢ otto energy limited

Ann: Alaska Operations Update - Winx-1, page-2

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    Todays report from OSH.

    "During the month, the Pikka B well penetrated the target Nanushuk Formation and encountered hydrocarbons, in line with pre-drill expectations. Coring and processing of 146 metres (480 feet) of Nanushuk 3 sand and six open-hole logging runs were completed successfully. Early interpretation of the cores indicates a hydrocarbon-saturated, high porosity sand. After drilling to a total depth of 1,476 metres (4,844 feet), the wellbore was plugged and abandoned, as planned, and a side-track kicked off. "

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