OEL 8.33% 1.3¢ otto energy limited

Ann: Otto Debt-Free and Unhedged, page-11

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    " Tranche A‐2, if and when accessed, would be used to support funding the Company’s future development from any
    new discoveries arising from the Company’s FY2023 exploration program "

    " Tranche B (US$20 million), subject to further credit approval from Macquarie,
    remains available. The Company can use Tranche B for a potential PDP acquisition, should one be
    identified "


    Note Tranche A2 is for development of any new discoveries, and Tranche B for potential PDP acquisition.
    The quality of those, if they occur, is whats going to drive the sp.



 
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