OEL 7.69% 1.2¢ otto energy limited

AllJust to clarify the questions in respect of the discussion on...

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    Just to clarify the questions in respect of the discussion on Galoc North - these are the public statements that we have made in respect of both the rig and the approval proceess for the well:

    The drilling rig "Ocean Patriot" has been secured from Diamond Offshore to undertake the development drilling program and an option has also been secured for an additional well in the northern area of the Galoc block.

    Proposal issued to the Galoc joint venture partners for an exploration well in the northern field area currently awaiting joint venture approval.

    An update will be provided as soon as available.

    In the meantime, we are busy working towards the spud of the Galoc development wells and Duhat exploration well.
 
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