OEL 0.00% 1.2¢ otto energy limited

The following is from the Transatlantic web site...

  1. 261 Posts.
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    The following is from the Transatlantic web site 01/04/2010.

    Turkey Operations Update

    Paleozoic Trend
    The Company reached target depth on the Arpatepe-3 well in late March. The Company expects the well to be productive and plans to complete the well in the second quarter of 2010.
    Following the successful acid job on the Arpatepe-1 well in early March, the Company plans to acidize the Arpatepe-2 well next week.
    The Company reached target depth on the Goksu-1 well re-entry in late March. The Company expects the well to be productive and plans to complete the well in the second quarter of 2010.
    The Bakuk-101 well has spud on one of the Company's recently farmed-in licenses in southeastern Turkey.
    Thrace Basin
    The Company expects first gas sales from the Edirne field to commence the week of April 5th.
    The Company recently spud the Somurcali-1, the fourth well of the 2010 drilling campaign at the Edirne field.

    Looks like these guys are on to it- and they keep the market informed.
    I hope Otto is as proactive as these guys- hopefully Otto will update the market next week.

    Happy holidays everyone!

    IMO DYOR
 
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