Otto Energy Ltd (ASX:OEL) has been granted a trading halt by the ASX pending an update
in relation to progress and status of the Byron Energy SM 6 #2 well.
SM 6 #2 has already encountered three hydrocarbon bearing sands in the F zone sands.
The well is being drilled on a prospect in the south west corner of a major salt dome in SM 6, located offshore Louisiana, 216 kilometres southwest of New Orleans, Louisiana, U.S.
The halt will remain in place until the opening of trade on Wednesday 30th March 2016, or earlier if an announcement is made to the market.
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