(ASX: OTTO ENERGY LTD: OEL)
SP: 3.2c
MC: $35.58Million
Cash: US $16.6Million
Shares: 1,186,000,000
Website: www.ottoenergy.com
Otto Energy Limited is an oil and gas exploration and production company with a regional focus on North America. Otto currently have petroleum assets in Louisiana and Alaska.
Established in 2004, the company has continuously grown over recent years through a mix of acquisitions and discoveries resulting in their current portfolio. The divestment of the Galoc oil field in 2015 provided a strong balance sheet for Otto to continue funding its growth projects.
It is Otto’s objective to develop a robust and substantial E & P company through maximising the value of existing assets and developing a balanced portfolio of exploration, development and production opportunities.
Please DYOR as this is not a buy or sell recommendation
Cheers
GF
