viewOtto Energy Ltd

Otto Energy in halt, to divulge major transaction


Otto Energy (ASX:OEL) is preparing to reveal details concerning a major transaction.

Otto is currently focused on conventional hydrocarbon exploration and production within South East Asia and East Africa.

The company is also the operator of the producing Galoc oil field in the Philippines, which importantly provides cashflow.

Otto is well-funded with US$7.7 million in cash at the end of June 2014 and no debt.

The ASX has granted the company a trading halt to prepare, with its shares placed in pre-open.

The halt will remain in place until the opening of trade on Monday 22nd September 2014, or earlier if an announcement is made to the market.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Otto Energy Ltd

Price: 0.01 AUD

Market: ASX
Market Cap: $47.95 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...


TomCo Energy updates on status of POSP operations and initial oil production...

TomCo Energy PLC (LON:TOM) CEO John Potter updated investors on operations and initial production at Greenfield Energy’s POSP project in Utah. Potter, along with Valkor LLC's CEO and CTO Steven Byle and Coby Crawford confirmed that the Petroteq oil sands plant (POSP) at Asphalt Ridge is...

11 hours, 41 minutes ago

2 min read