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EPIC: OEL
Market: ASX
52-week High/Low: A$0.07 / A$0.02
Sector: Energy
Market Cap: A$67.36M
OTTO ENERGY LIMITED

OTTO ENERGY LIMITED

Otto Energy Limited (Otto Energy), formerly Ottoman Energy Limited, is engaged in the investment in oil and gas exploration and development in Turnkey, the Philippines, Italy and Argentina. At June 30, 2008, the Company has investments in the Philippines (offshore Palawan and Visayan Basins), in Turnkey and Italy (gas prospective onshore basins) and in Argentina in the oil prospective onshore Cuyana basin. During the fiscal year ended June 30, 2008 (fiscal 2008), Otto Energy, through its subsidiary, NorAsian Energy Limited acquired an 18.28% interest in Galoc Oil Field, through the acquisition of a 31.38% interest in Galoc Production Company W.L.L. During fiscal 2008, the Company negotiated to earn a 50% interest in the Bastiglia-Cento Exploration permits located within the Po Valley, onshore Italy.

OTTO ENERGY LIMITED

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