Otto Energy (ASX:OEL)
Otto Energy Limited is an oil and gas exploration and production company with a regional focus on North America. We currently have petroleum assets in Alaska, Louisiana and Tanzania.
Established in 2004, the company has continuously grown over recent years through a mix of acquisitions and discoveries resulting in our current portfolio. The divestment of the Galoc oil field in 2015 has 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.
The information on this page should not be the only trigger for your investment decision. Click on the links below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.
Explore, Sell and Repeat: OEL Builds Arsenal to Extend Winning Strategy
Dec 15, 2015
Fresh from selling its Galoc oil field for US$108MN earlier this year, Otto Energy (ASX:OEL) is already assembling its arsenal for a shot at its next big money spinner.